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Statutes Text

Article - Financial Institutions




§12–422.

    (a)    (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)    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.