Maine Revised Statutes
Subchapter 1: MONEY TRANSMITTERS
32 §6111. Extraordinary reporting requirements

§6111. Extraordinary reporting requirements
1.  Written report.  Within 15 days of the occurrence of any one of the events listed below, a licensee shall file a written report with the administrator describing the event and its expected impact on the licensee's activities in the State:  
A. The filing for bankruptcy or reorganization by the licensee;   [PL 1997, c. 155, Pt. A, §2 (NEW).]
B. The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensee's money transmission activities;   [PL 1997, c. 155, Pt. A, §2 (NEW).]
C. A felony indictment of the licensee or any of its executive officers or directors related to money transmission activities; or   [PL 1997, c. 155, Pt. A, §2 (NEW).]
D. A felony conviction of the licensee or any of its executive officers or directors related to money transmission activities.   [PL 1997, c. 155, Pt. A, §2 (NEW).]
[PL 1997, c. 155, Pt. A, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 155, §A2 (NEW).

Structure Maine Revised Statutes