8-3025. Charter; suspend or revoke; grounds.
120 words·~1 min read·
/ne/chapter-8/8-3025A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director may suspend or revoke the charter of a digital asset depository if, after notice and opportunity for a hearing, the director determines that:
(1)The digital asset depository has failed or refused to comply with an order issued under section 8-1,136 , 8-2504 , or 8-2740 ;
(2)The application for a charter contained a materially false statement, misrepresentation, or omission; or
(3)An officer, a director, or an agent of the digital asset depository, in connection with an application for a charter, an examination, a report, or other document filed with the director, knowingly made a materially false statement, misrepresentation, or omission to the department, the director, or the duly authorized agent of the department or director.