(a) Notwithstanding any other provisions of this chapter, the Board may upon three days’ notice, suspend any license for a period not exceeding 30 days, pending investigation and hearing if the Board finds the continuation of business is to the detriment of the public.
(b) Surrender of a license becomes effective 30 days after receipt of an application to surrender the license or within a shorter period of time that the Banking Board or its designee may determine, unless a revocation or suspension proceeding is pending when the application is filed or a proceeding to revoke or suspend or to impose conditions upon the surrender is instituted not later than 30 days after the application is filed. If a proceeding is pending or instituted, surrender of a license becomes effective at the time and upon the conditions that the Banking Board determines.