North Dakota Code 6-10-07 – Revocation of license
Current as of: 2023 | Check for updates
|
Other versions
In the event of the failure of any person, partnership, association, corporation, or limited liability company to comply with the provisions of this chapter or the regulations promulgated by the commissioner as herein provided, the commissioner, after fifteen days’ notice in writing, may revoke such license. Such applicant, upon demand in writing served upon the commissioner, within ten days after the receipt of such notice as above provided, is entitled to a hearing with respect to such violation. The notice of revocation must specify the violations of law or regulations which constitute the grounds for such charges against such licensee.
Terms Used In North Dakota Code 6-10-07
- Commissioner: means the commissioner of financial institutions. See North Dakota Code 6-01-02
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49