A licensee shall immediately notify the Commissioner in writing of any civil or criminal action filed against the licensee or any of its officers or directors.

Note: Authority cited: Section 12300, Financial Code. Reference: Section 12221 and 12400, Financial Code.

History

1. New section filed 3-27-52; effective thirtieth day thereafter (Register 28, No. 1).

2. Amendment filed 3-20-78; effective thirtieth day thereafter (Register 78, No. 12).

3. Editorial correction adding Note filed 11-17-82 (Register 82, No. 47).