361.966. Reports of certain events. — 1. A licensee shall file a report with the director within one business day after the licensee has reason to know of the occurrence of any of the following events:
(1) The filing of a petition by or against the licensee under the United States Bankruptcy Code, 11 U.S.C. Section 101-110, as amended or recodified from time to time, for bankruptcy or reorganization;
(2) The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors; or
(3) The commencement of a proceeding to revoke or suspend its license in a state or country in which the licensee engages in business or is licensed.
2. A licensee shall notify the director within three business days after the licensee has reason to know that:
(1) The licensee or a key individual or person in control of the licensee, has been convicted of, or pled guilty or nolo contendere to a felony involving an act of fraud, dishonesty, a breach of trust, or money laundering; or
(2) An authorized delegate has been convicted of, or pled guilty or nolo contendere to, a felony involving an act of fraud, dishonesty, a breach of trust, or money laundering.
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(L. 2024 S.B. 1359)