45-5-507 - Filing of written report with commissioner Events impacting activities of registrant. - Tennessee Statutes

45-5-507. Filing of written report with commissioner Events impacting activities of registrant.

Within fifteen (15) days of the occurrence of any one (1) of the events listed in this section, a registrant shall file a written report with the commissioner describing the event and its expected impact on the activities of the registrant:

     (1)  The filing for bankruptcy or reorganization by the registrant;

     (2)  The institution of revocation or suspension proceedings against the registrant by any state or governmental authority;

     (3)  The denial of the opportunity to engage in business by any state or governmental authority;

     (4)  Any felony indictment of the registrant or any of its officers, directors or principals, or partners;

     (5)  Any felony conviction of the registrant or any of its officers, directors, principals, or partners; and

     (6)  Other events that the commissioner may determine and identify by rule.

[Acts 2001, ch. 165, § 9.]