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2021 Vermont Statutes
Title 8 - Banking and Insurance
Chapter 79 - Money Services
§ 2546. Termination or suspension of authorized delegate activity

Universal Citation:
8 VT Stats § 2546 (2021)
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§ 2546. Termination or suspension of authorized delegate activity

(a) Section 2110 of this title applies to authorized delegates.

(b) The Commissioner may issue an order suspending or barring any authorized delegate or any responsible individual, director, officer, member, manager, partner, or person in control of such authorized delegate from continuing to be or becoming an authorized delegate of any licensee during the period for which such order is in effect, or may order that an authorized delegate cease and desist in any specified conduct.

(c) Upon issuance of a suspension or bar order, the licensee shall terminate its relationship with such authorized delegate according to the terms of the order. (Added 2001, No. 55, § 1, eff. Jan. 1, 2002; amended 2019, No. 20, § 56.)

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