                                 CODE OF VIRGINIA

TRANSITION (§ 13.1-526)

Registrations of dealers and agents under prior law shall continue as
registrations as broker-dealers and agents under this chapter until April 30
following the effective date of this chapter. Licenses issued under § 13-128 of
the Code of 1950 shall continue in effect until April 30 following the effective
date of this chapter. The exemption provided for regularly established dealers
by § 13-113 (11), whenever the requirements of §§ 13-116 to 13-121 inclusive
have been complied with prior to the effective date of this chapter, shall
continue in effect until April 30 following the effective date of this chapter
and all securities for which a registration is in effect pursuant to that
exemption on the effective date of the repeal of § 13-113 (11) shall be deemed
to have been registered by notification under this chapter. But such
registrations, licenses and exemptions may be terminated by the Commission for
causes justifying termination of registrations under this chapter.

HISTORY: 1956, c. 428.