PUBLIC Law Chapter 65

	2.__Organizational change.__A broker-dealer or investment
adviser that changes its form of organization or state of
incorporation or organization may continue its license by filing
an amendment to its license if the change does not involve a
material change in its financial condition or management. The
amendment becomes effective when filed or on a date designated by
the licensee in its filing. The new organization is a successor
to the original licensee for the purposes of this chapter. If
there is a material change in financial condition or management,
the broker-dealer or investment adviser shall file a new
application for licensing. A predecessor licensed under this
chapter shall stop conducting its securities business other than
winding down transactions and shall file for withdrawal of
broker-dealer or investment adviser licensing within 45 days
after filing its amendment to effect succession.

3.__Name change.__A broker-dealer or investment adviser that
changes its name may continue its license by filing an amendment
to its license. The amendment becomes effective when filed or on
a date designated by the licensee.

4.__Change of ownership or control.__A change of ownership or
control of a broker-dealer or investment adviser may require the
filing of a new application pursuant to a rule adopted or order
issued under this chapter.__Rules adopted pursuant to this
section are routine technical rules as defined in Title 5,
chapter 375, subchapter 2-A.

§16408.__Termination of employment or association of agent and

investment adviser representative and transfer of

employment or association

1.__Notice of termination.__If an agent licensed under this
chapter terminates employment by or association with a broker-
dealer or issuer, or if an investment adviser representative
licensed under this chapter terminates employment by or
association with an investment adviser or federal covered
investment adviser, or if either licensee terminates activities
that require licensing as an agent or investment adviser
representative, the broker-dealer, issuer, investment adviser or
federal covered investment adviser shall promptly file a notice
of termination. If the licensee learns that the broker-dealer,
issuer, investment adviser or federal covered investment adviser
has not filed the notice, the licensee shall promptly file it.

2.__Transfer of employment or association.__If an agent
licensed under this chapter terminates employment by or
association with a broker-dealer licensed under this chapter and
begins employment by or association with another broker-dealer
licensed under this chapter, or if an investment adviser

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