Ala. Admin. Code r. 538-X-4-.21

Current through Register Vol. 43, No. 02, November 27, 2024

Section 538-X-4-.21 - Surrender Of License

(1) At any time after the issuance of license, a Licensee may voluntarily surrender its license and cease operations. If not subject to sanctions under these Rules, a licensee must give 60 days' notice of the intent to surrender and cease operations, otherwise, the licensee must seek written permission from the Commission to surrender and cease operations, based on a demonstration of extraordinary circumstances. Failure to provide such notice will subject the licensee to a per- day penalty for noncompliance in accordance with the provisions of these Rules. Surrender of license does not excuse the licensee from sanctions or other disciplinary action under these Rules.

(2) Notwithstanding the provisions of paragraph 1. of this rule, any licensee who intends to cease operations within 60 days prior to the date of license expiration shall comply with the voluntary non-renewal provisions of Rule 538-X-4-.15.

Adopted by Alabama Administrative Monthly Volume XL, Issue No. 11, August 31, 2022, eff. 10/15/2022.

Author: William H. Webster

Statutory Authority:Code of Ala. 1975, §§ 20-2A-22, as amended.