---
title: O.C.G.A. § 10-5-38. Withdrawal of registration.
collection: code
id: 10-5-38
cite_as: O.C.G.A. § 10-5-38 (2025)
canonical_url: https://georgiacommons.org/code/10-5-38
md_url: https://georgiacommons.org/code/10-5-38.md
text_url: https://georgiacommons.org/code/10-5-38/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=786
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/10-5.md
previous: https://georgiacommons.org/code/10-5-37.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / GEORGIA UNIFORM SECURITIES / REGISTRATION OF BROKER-DEALERS, AGENTS, AND INVESTMENT ADVISORS
---

# O.C.G.A. § 10-5-38. Withdrawal of registration.

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.

## History

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