13-12-125. Willful failure to perform duties imposed by law; removal. (Note: this is effective as of 10/1/2019.)
(a) Each officer, director, employee or agent of a special purpose depository institution, following written notice from the commissioner, is subject to removal upon order of the commissioner if he knowingly or willfully fails to:
(i) Perform any duty required by this act or other applicable law; or
(ii) Conform to any rule or order of the commissioner.