54-4-43 Investigation of facts concerning license application--Requirements for grant of license.
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Investigation of facts concerning license application--Requirements for grant of
The director shall investigate the facts concerning the application. The director may review
and consider the relevant business records of the applicant and the competence, experience, integrity,
and financial ability of any person who is a member, partner, director, officer, or twenty-five percent
or more shareholder of the business. If the director finds that the financial responsibility, financial
condition, business experience, character, and general fitness of the applicant reasonably warrant the
belief that the business will be conducted lawfully and fairly, the director may grant a license based
on the findings.
Source: SL 1998, ch 280, § 8; SL 2005, ch 258, § 3.
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