Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
62C.12 SUSPENSION.
A service plan corporation shall be subject to section 60A.052, relating to the denial,
suspension or revocation of a certificate of authority, and to chapter 60B. The commissioner
also may suspend or revoke a certificate for any violation or noncompliance with Laws 1971,
chapter 568 following a hearing under procedures established by rules of the commissioner.
The commissioner may suspend or revoke the certificate of authority of a foreign service
plan corporation for the same reasons for which a domestic corporation's certificate may be
suspended or revoked, and further, may revoke or suspend the certificate of a foreign service
plan corporation if its activities outside the state of Minnesota impair its solvency or its ability
to meet its obligations in this state.
History: 1971 c 568 s 12; 1985 c 248 s 70; 1986 c 444; 1993 c 13 art 2 s 1
A service plan corporation shall be subject to section 60A.052, relating to the denial,
suspension or revocation of a certificate of authority, and to chapter 60B. The commissioner
also may suspend or revoke a certificate for any violation or noncompliance with Laws 1971,
chapter 568 following a hearing under procedures established by rules of the commissioner.
The commissioner may suspend or revoke the certificate of authority of a foreign service
plan corporation for the same reasons for which a domestic corporation's certificate may be
suspended or revoked, and further, may revoke or suspend the certificate of a foreign service
plan corporation if its activities outside the state of Minnesota impair its solvency or its ability
to meet its obligations in this state.
History: 1971 c 568 s 12; 1985 c 248 s 70; 1986 c 444; 1993 c 13 art 2 s 1
Official Publication of the State of Minnesota
Revisor of Statutes