44-1923. Order denying or revoking
registration; notice to issuer and dealers


A. If, after a hearing or notice and opportunity for hearing as provided by article
11 of this chapter, the commission finds grounds for denying or revoking registration of
securities, it may enter an order denying or revoking the registration. The order shall
state specifically the grounds for its issuance.


B. On the entry of an order denying or revoking the registration of securities, the
director shall send notice of the order by certified mail to the issuer of the securities
and to all registered dealers engaged in the sale of the securities.