Sec.53-278c-4. Denial of an application

Latest version.

The Commissioner may deny an application for one or more of the following reasons:
(1) The Commissioner determines that the applicant is unsuitable because of past or present activities, business practices, financial condition, criminal record, criminal associations, or such other factors as the Commissioner determines to be relevant to a determination of whether an approval shall be granted;
(2) The applicant fails to provide information reasonably required to investigate the application or to reveal any fact material to such application or has furnished any information that is untrue or misleading in connection with such application.

(Adopted effective September 27, 2001)

                    
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