§ 62-263. Application for broker's license. - North Carolina Statutes

§ 62‑263. Application for broker's license.

(a)        No person shall engage in the business of a broker inintrastate operations within this State unless such person holds a broker'slicense issued by the Commission.

(b)        The Commission shall prescribe the form of application andsuch reasonable requirements and information as may in its judgment benecessary.

(c)        Upon the filing of an application for license the Commissionmay fix a time and place for the hearing of the application and require suchnotices, publications, or other service as it may prescribe by the general ruleor regulation.

(d)        A license shall be issued to any qualified applicanttherefor authorizing the whole or any part of the operations covered by theapplication if it is found that the applicant is fit, willing and able properlyto perform the service proposed and to conform to the provisions of thisArticle and the requirements, rules and regulations of the Commissionthereunder, and that the proposed service, to the extent to be authorized bythe license, is or will be consistent with the public interest and policydeclared herein.

(e)        The Commission shall have the same authority over personsoperating under and holding a brokerage license as it has over motor carriersunder this Article, and shall require a broker to furnish bond or othersecurity approved by the Commission and sufficient for the protection oftravelers by motor vehicle. (1949, c. 1132, s. 13; 1963, c. 1165, s. 1.)