2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 11-702 - Remedies


MD Corp & Assn Code § 11-702 (2013) What's This?

§11-702.

(a) Whenever it appears to the Commissioner that any person is about to engage in any act or practice constituting a violation of any provision of this title or any rule or order under this title, he may in his discretion bring an action to obtain 1 or more of the following remedies:

(1) A temporary restraining order; or

(2) A temporary or permanent injunction.

(b) Whenever it appears to the Commissioner that any person has engaged in any act or practice constituting a violation of any provision of this title or any rule or order under this title, the Commissioner may in the Commissioner’s discretion bring an action to obtain one or more of the following remedies:

(1) A temporary restraining order;

(2) A temporary or permanent injunction;

(3) A civil penalty up to a maximum amount of $5,000 for any single violation of this title;

(4) A declaratory judgment;

(5) The appointment of a receiver or conservator for the defendant or the defendant’s assets;

(6) A freeze of the defendant’s assets;

(7) Rescission;

(8) Restitution; and

(9) Any other relief as the court deems just.

(c) The Commissioner may not be required to post a bond in any action under this section.

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