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2017 Maryland Code
Corporations and Associations
Title 11 - Maryland Securities Act
Subtitle 5 - Registration of Securities
§ 11-506. Filing fee
Universal Citation: MD Corp & Assn Code § 11-506 (2017)
- (a) In general. -- Except as provided in § 11-510.1 of this subtitle, a person filing an application to register securities shall pay a fee of 0.1 percent of the maximum aggregate offering price at which the securities are to be offered in this State, but the fee may not be less than $ 500 or more than $ 1,500.
- (b) Filing in accordance with exemption; notice regarding federal covered securities. --
- (1) Except as provided in paragraph (2) of this subsection, a person required to submit a filing in accordance with an exemption granted under this title shall pay a fee of $ 400 for each filing.
- (2) A person required to submit a filing in accordance with the exemption granted under § 11-601(16) of this title shall pay a fee of $ 100 for each filing.
- (3) A person required to submit a notice of the offer or sale of federal covered securities under § 11-503.1(c) of this subtitle shall pay:
- (i) A fee of $ 100 for each filing; and
- (ii) An additional fee of $ 150 for each filing made after the filing due date.
- (c) Retention of fee by Commission. -- The Commissioner shall retain the fee, if:
- (1) An application to register securities is withdrawn before the effective date;
- (2) A notice of the offer or sale of a federal covered security is withdrawn; or
- (3) A preeffective stop order is entered under §§ 11-511 through 11-513 of this subtitle.
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