1. A. Each licensee must report any significant developments immediately to the commissioner, including but not limited to:

   1. 1. the filing of any bankruptcy petitions by the licensee;
   2. 2. the indictment or conviction of a felony by any sole proprietor, partner, director, officer, principal shareholder, member or agent of licensee.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 6:414(B).

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of Financial Institutions, LR 20:412 (April 1994), amended LR 22:189 (March 1996).