2005 Minnesota Statutes - 326.88 — Loss of qualifying person.

     326.88 Loss of qualifying person. 


    Upon the departure or disqualification of a licensee's 
 qualifying person because of death, disability, retirement, 
 position change, or other reason, the licensee must notify the 
 commissioner within 15 business days.  The licensee shall have 
 120 days from the departure of the qualifying person to obtain a 
 new qualifying person.  Failure to secure a new qualifying 
 person within 120 days will result in the automatic termination 
 of the license. 


    HIST: 1991 c 306 s 12; 1993 c 245 s 20