Minnesota Statutes 326B.825 – Loss of Qualifying Person
Current as of: 2023 | Check for updates
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Terms Used In Minnesota Statutes 326B.825
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
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.