There is a newer version of the Maryland Code
Maryland Corporations and Associations Section 11-508
§ 11-508.
  (a)   A registration statement remains effective for 1 year after its effective date unless the Commissioner by rule or order extends the period of effectiveness. A registration statement is not effective while a stop order is in effect under §§ 11-511 through 11-513 of this subtitle.
  (b)   A registration statement may be withdrawn only in the discretion of the Commissioner.
  (c)   A registration statement that has not been made effective within 1 year from the date of initial filing may be deemed abandoned by the Commissioner.
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