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Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 5. GEORGIA UNIFORM SECURITIES · Article 4. REGISTRATION OF BROKER-DEALERS, AGENTS, AND INVESTMENT ADVISORS

10-5-38. Withdrawal of registration.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. Withdrawal of registration by a broker-dealer, agent, investment adviser, or investment adviser representative becomes effective 60 days after the filing of the application to withdraw or within any shorter period as provided by rule adopted or order issued under this chapter unless a revocation or suspension proceeding is pending when the application is filed. If a proceeding is pending, withdrawal becomes effective when and upon such conditions as required by rule adopted or order issued under this chapter. The Commissioner may institute a revocation or suspension proceeding under Code Section 10-5-41 within one year after the withdrawal became effective automatically and issue a revocation or suspension order as of the last date on which registration was effective if a proceeding is not pending.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 10-5-38, enacted by Ga. L. 2008, p. 381, § 1/SB 358.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, page 786; merge action: carried; file SHA-256 7afbade16da7.