Current through the 2024 legislative session
Section 13-5-420 - Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by commissioner; removal(a) Each officer, director, manager, member, employee or agent of a supervised trust company, following written notice from the commissioner sent by certified mail, is subject to removal upon order of the commissioner if he knowingly or willfully fails: (i) To perform any duty required by this chapter or other applicable law; or(ii) To conform to any rule, regulation or requirement of the commissioner.Renumbered as 13-5-420 by Laws 2019 , ch. 13, § 3, eff. 7/1/2019.Added by Laws 2015 , ch. 22, § 1, eff. 7/1/2015.