Abandonment of license

11-51-411. Abandonment of license. If a licensed person has died or ceased to exist as a legal entity, has been adjudicated incompetent, or cannot be located by the securities commissioner after a reasonable search, the securities commissioner may by order summarily revoke the license on the grounds that the license has been abandoned. Source: L. 90: Entire article R&RE, p. 728, � 1, effective July 1.