§6100-C. Reports of certain events
Event reporting is governed by this section.
[PL 2023, c. 662, §2 (NEW).]
1.
Events requiring report within one day.
A licensee shall file a report with the administrator within one business day after the licensee has reason to know of the occurrence of any of the following events:
A.
The filing of a petition by or against the licensee under the United States Bankruptcy Code, 11 United States Code, Sections 101 to 110 for bankruptcy or reorganization;
[PL 2023, c. 662, §2 (NEW).]
B.
The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for the licensee's dissolution or reorganization or the making of a general assignment for the benefit of the licensee's creditors; or
[PL 2023, c. 662, §2 (NEW).]
C.
The commencement of a proceeding to revoke or suspend the licensee's license in a state or country in which the licensee engages in business or is licensed.
[PL 2023, c. 662, §2 (NEW).]
[PL 2023, c. 662, §2 (NEW).]
2.
Events requiring report within 3 days.
A licensee shall file a report with the administrator within 3 business days after the licensee has reason to know of the occurrence of any of the following events:
A.
The filing of a civil or criminal action against the licensee or a key individual or person in control of the licensee by a state or federal agency; or
[PL 2023, c. 662, §2 (NEW).]
B.
The filing of a civil or criminal action against an authorized delegate by a state or federal agency.
[PL 2023, c. 662, §2 (NEW).]
[PL 2023, c. 662, §2 (NEW).]
SECTION HISTORY
PL 2023, c. 662, §2 (NEW).