Sec. 47-94. Grounds for refusal of permit. Appeal, hearing.
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/ct/title-47/chapter-826-real-estate-syndicates/47-94·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The commission may refuse, suspend or revoke any permit issued under section 47-92 if it finds that the proposed plan of business of the issuer, the securities proposed to be issued or the method to be used in issuing them will tend to work a fraud upon the purchaser thereof.
(b)Any applicant objecting to the denial of a permit or to any condition therein may, within ten days after receipt of such denial or order, file a written request for a hearing. Said hearing shall be held within the time period and in accordance with the procedures set forth for hearings contained in section 20-321 .