Mo. Code Regs. tit. 12 § 40-40.220
Current through Register Vol. 49, No.12, June 17, 2024
Section 12 CSR 40-40.220 - Incapacity of LicenseePURPOSE: This amendment clarifies the regulation to ensure that the lottery receives notice of licensee incapacity.
PURPOSE: This rule provides for suspension of licenses for any licensee who becomes incapacitated in some way. The rule provides for reinstatement on application and the criteria for reinstatement
(1) In the event any licensee is proven to be incapacitated, dies, is adjudicated bankrupt, makes any assignment for the benefit of creditors, or is placed in any receivership, guardianship, conservator-ship or trusteeship, the director may suspend the license for all locations licensed to the person.(2) The licensee, his/her agent, executor, guardian, conservator or trustee shall immediately inform the director of the occurrence of any circumstances set forth in section (1) of this rule. The executor, trustee in bankruptcy, receiver or any other officer or any court taking charge of the assets of any licensee may apply to the director for reinstatement of the license to sell lottery tickets.(3) If the director is satisfied that the person applying for the reinstatement of the license is qualified under these rules and the director determines that it is in the best interest of both the lottery and the applicant that the license should be reinstated, s/he shall promptly reinstate the license on the terms as s/he, in writing, may set forth.(4) In no event shall any license reinstated under this section be for a longer period than the time remaining on the original license. AUTHORITY: section 313.220, RSMo Supp. 1988.* Original rule filed Sept. 4, 1985, effective Sept. 14, 1985. Amended by Missouri Register January 15, 2015/Volume 40, Number 02, effective 2/28/2015Amended by Missouri Register May 15, 2018/Volume 43, Number 10, effective 7/2/2018*Original authority 1985, amended 1988.