The Republican. [volume] (Oakland, Md.) 1877-current, 1937-10-28
PUBLIC GENERAL LAWS

gagged in the business referred to in the
last preceding section Of this article
shall in any manner advertise or pub
fish or represent, for the purpose Of
selling stocks, bonds, notes, shares,
profit sharing agreements, service agree
ments, membership certificates and trus-
tee certificates, or other securities, that
he, they, or it have fled with the At
tOrney General the registration state
ment referred to in Section 10A, and
thereby has or have qualified to sell
stocks, bonds, or other securities.
10C. The provisions of Section 10A
of this Article shall not apply to any
person, firm or corporation selling or
Offering for sale stocks, bonds, notes,
shares, profit sharing agreements, serv-
ice agreements, membership certificates
and trustee certificates, or other securi-
ties:
(a) AS trustee, executor, administra-
tor, or receiver; or
(b) Under the orders Of any Court;
(c) Under the power given in any
instrument whereby such stocks, bonds,
notes, shares, profit sharing agreements,
service agreements, membership certif-
Gates and trustee certificates, or other
securities have been pledged as security
for debt.
II. The Attorney General may, upon
evidence satisfactory to him, that in
the issue, sale, promotion, negotiation,
advertisement of, or distribution of any
stock, bonds, notes, shares, profit Shar-
ing agreements. service agreements,
membership certificates and trustee GER
tifcateS, or other securities within the
State of Maryland. any person. partner
ship or corporation Is employing or is
about to employ any device, scheme or
artlnce to defraud, or for obtaining
money or property by means of any
false or fraudulent pretense, representa-
ton, or promise, issue and cause to be
served upon such person, partnership
or corporation an order requiring the
party guilty thereof to cease and desiSt
therefrOm, and from the further sale
or offering for sale of such securities
within this State. If 1t shall appear
to the Attorney General that an IRE
parable public injury is imminent, I'M
less such order is issued before a full
investigation can be made pending such
investigation, he may issue such order.
but the same shall be accompanied with
a request for information as to the facts
relied on in issuing the order, and such
temporary order shall only remain in
force until such information Is fur
nished and two days thereafter. Orders
of the Attorney General under this Sec
ton may be served by any one duly
authorized by the Attorney General. >
either (a) by delivering copy thereof
to the person to be served; or to a men,
Der Of the partnership to be served, or
to the president, vice president, secre-
tary or other executive officer or direc-
tor of the corporation to be served; or
(b) by leaving a copy thereof at the
principal Office or place of business of
such person, partnership or corpora
ton; or (c) by registering and mailing
copy thereof, addressed to such per-
son, partnership or corporation at his
or its principal office or place of bust
ness. verified return by the person
so serving said order, setting forth the
manner of said service, shall be prima
facie proof of the same, and the return
post office receipt for said order regis
tered and mailed as aforesaid shall he
prima facie proof of the service of the
same, as aforesaid.
II. Any person, partnership or cor
poratiOn violating the provisions of Sec
tions 10A or lob hereof, or any person,
partnership or corporation having been
served with any order of the Attorney
General under Section IL of this Article,
or having knowledge of the issuance
of said order and while said order re-
mains in effect, either as originally is
sued or as modified, who or which shall
execute or carry on in any manner any
scheme or device against which said
order has been issued, or wilfully at
tempts so to do, or shall sell or deliver
or receive payment in money or prop
erty for any paper, certificate or in
strument purportinS to be or represent
any interest in or order for stocks.
DOnuS, HOLeS, SHareS, prO0C SnarlnS
agreements, service agreements, mem
bership certificates and trustee certifi-
Gates, or other securities mentioned in
said order of the Attorney General, or
shall publish or cause to be published
any advertisement of any such stocks,
bonds, notes. shares, profit sharing agree
ments, service agreements, membership
certificates and trustee certificates, or
other securities pursuant to said scheme
or device against which said order has
been issued, shall be guilty of mis-
demeanOr and upon conviction, shall be
fined not more than ten thousand dol
lars (S10,000 or imprisoned not more
than two years, or be subject to both
fine and Imprisonment, in the discre-
tion of the Court. Wilful misrepresenta-
tion or cOncealment by any person,
firm or corporation, engaged in the bust
ness referred to in Section 10A. of any
material fact in his or its registration
statement or in any application, report
or document submitted in connection
with his or it's registration, shall subject
such person, firm or corporation to the
penalty provided by this section.
Sec. .. And be it further enacted,
That this Act shall take effect June /,
1887.
Approved: May IS, 1887,