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    Upon the departure or disqualification of a licensee's qualifying person because of death,
disability, retirement, position change, or other reason, the licensee must notify the commissioner
within 15 business days. The licensee shall have 120 days from the departure of the qualifying
person to obtain a new qualifying person. Failure to secure a new qualifying person within 120
days will, with or without notice, result in the automatic termination of the license.
History: 1991 c 306 s 12; 1993 c 245 s 20; 2007 c 140 art 8 s 13