§ 12-422. Voluntary surrender of license

Latest version.

   (a) In general. --

   (1) A licensee may surrender a license by sending to the Commissioner a written statement that the license is surrendered.

   (2) The statement shall provide a listing, by identifying number, face amount, and place of issue, of all outstanding payment instruments, and the reasons for the license surrender.

(b) Liability, surety device, and fees not affected. -- The surrender of a license does not:

   (1) Affect any civil or criminal liability of the licensee for acts committed before the license is surrendered;

   (2) Affect the surety device filed by the licensee; or

   (3) Entitle the licensee to the return of any part of any fee.

HISTORY: An. Code 1957, art. 11, § 218; 1980, ch. 33, § 2; ch. 541; 1996, ch. 326, § 2; 1997, ch. 23; 2002, ch. 539.

                    
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