61-12-306. Revocation of license. If the commissioner at any time for cause shown and after a hearing determines that a company has violated any provision of this part, that it is insolvent or that its assets are less than its liabilities, that it or its officers refuse to submit to an examination, that it is transacting business fraudulently, or that its management or business methods are improper or hazardous to the holders of its service contracts, the commissioner shall revoke or suspend its license and shall give notice of the suspension or revocation to the public in a manner that the commissioner considers proper.
History: En. Sec. 6, Ch. 131, L. 1931; re-en. Sec. 4211.6, R.C.M. 1935; R.C.M. 1947, 66-1106; amd. Sec. 1969, Ch. 56, L. 2009.
Structure Montana Code Annotated
Chapter 12. Miscellaneous Provisions
Part 3. Motor Club Service Companies
61-12-302. Companies and agents to be licensed
61-12-303. Requirements for license
61-12-305. Continuance of license
61-12-306. Revocation of license
61-12-307. Financial statement to be filed
61-12-308. Service contract to be filed with commissioner
61-12-309. Contracts to be in duplicate
61-12-311. Companies to be licensed
61-12-312. Contract not to be misrepresented
61-12-313. Contracts binding on company although not complying with part