51A-17-22. Written report of certain events required. Within fifteen business days of the occurrence of any one of the events listed in this section, a licensee shall file a written report with the director describing the event and its expected impact on the licensee's activities in the state. Such events include:
(1) Any material changes in information provided in a licensee's application or renewal report;
(2) The filing for bankruptcy or reorganization by the licensee;
(3) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensees' money transmission activities;
(4) Any felony indictment of the licensee or any of its key officers or directors related to money transmission activities; and
(5) Any felony conviction of the licensee or any of its key officers or directors related to money transmission activities.Source: SL 2008, ch 253, § 22.
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