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The board may suspend or revoke any certificate of registration issued under this chapter for any of the following reasons:

(1)    The revocation or suspension of the certificate practice as a physician’s assistant of any officer, director, shareholder, or employee not promptly removed or discharged by the corporation;

(2)    Unethical professional conduct on the part of any officer, director, stockholder, or employee not promptly removed or discharged by the corporation;

(3)    The death of the last remaining shareholder; or

(4)    Upon finding that the holder of a certificate of registration has failed to comply with the provisions of this chapter or the rules prescribed by the board.

Source: SL 1993, ch 337, § 14.