Iowa Code § 533C.604

Current through March 29, 2024
Section 533C.604 - Report of certain events
1. A licensee shall submit a nonrefundable fee of one thousand dollars with the request and file a report with the superintendent within one business day after the licensee knows or 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 federal bankruptcy code, 11 U.S.C. § 101- 110, as amended, for bankruptcy or reorganization.
b. The filing of a petition by or against the licensee for receivership.
c. The filing of a petition or commencement of any other judicial or administrative proceeding for its dissolution or reorganization.
d. The filing of a petition or the making of a general assignment for the benefit of its creditors.
e. 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.
2. A licensee shall file a report with the superintendent within three business days after the licensee has reason to know of the occurrence of a felony charge or conviction of the licensee, a key individual or person in control of the licensee, or an authorized delegate.

Iowa Code § 533C.604

2023 Acts, ch 83, § 24

Added by 2023 Iowa, ch 83, s 24, eff. 7/1/2023.

NEW section