399-G:18 Reports of Certain Events. –
I. A licensee shall file a report with the commissioner 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 U.S.C. Section 101-110, as amended or recodified from time to time, for bankruptcy or reorganization;
(b) The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors; or
(c) The commencement of a proceeding to revoke or suspend its license in a state or country in which the licensee engages in business or is licensed.
II. A licensee shall file a report with the commissioner within 3 business day after the licensee has reason to know of the occurrence of any of the following events:
(a) A conviction of the licensee or of a key individual or person in control of the licensee for a felony; or
(b) A conviction of an authorized delegate for a felony.
[Paragraph III effective October 1, 2026.]
III. If the information contained in any document filed with the commissioner or the nationwide multistate licensing system and registry is, or becomes, inaccurate or incomplete in any material respect, the licensee or applicant shall, within 30 days, file a correcting amendment to the information contained in the document.