26.1-26-43. License suspension, revocation, or refusal - Business entity - Additional ground

26.1-26-43. License suspension, revocation, or refusal - Business entity - Additional ground. The license of a business entity may be suspended, revoked, or refused if the commissioner finds, after hearing, that an individual licensee's violation was known or should have been known by one or more of the partners, officers, or managers acting on behalf of the business entity and the violation was not reported to the commissioner nor corrective action taken in relation to the violation.