17-12a409. Withdrawal of registration of broker-dealer, agent, investment adviser and investment adviser representative.
17-12a409
17-12a409. Withdrawal of registration of
broker-dealer, agent, investment adviser and investment adviser
representative.
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 act 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 act. The administrator may institute a revocation or
suspension proceeding under
K.S.A. 17-12a412, and amendments
thereto, 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: L. 2004, ch. 154, § 26; July 1, 2005.