13-08-08. Reports of commissioner.
92 words·~1 min read·
/nd/title-13/chapter-13-08-deferred-presentment-service-providers/13-08-08·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Within fifteen days of the occurrence of any one of the following events, a licensee shall file a written report with the commissioner describing the event and the event's expected impact on the activities of the licensee in the state:
1. The filing for bankruptcy or reorganization by the licensee;
2. The institution of revocation or suspension proceedings against the licensee by any
governmental authority;
3. Any felony charges of the licensee or any of the licensee's members, directors,
officers, or shareholders; and
4. Any other event the commissioner identifies by rule.