16-713.   Suspension or revocation of license; notice and hearing.Any license issued under this act may be suspended or revoked, after duenotice and public hearing, if the licensee:

      (a)   Has failed to pay the annual license fee;

      (b)   Has violated any provision of this act; or

      (c)   Has been convicted of or has pleaded guilty to a felony under thelaws of this state, or any other state, or of the United States, or shallhave forfeited his bond to appear in court to answer charges for any suchoffense, if such conviction or plea occurred subsequent to or within theten (10) years immediately prior to the date of the licensee's applicationfor the license.

      Any license issued under this act shall be revoked, after due notice andhearing thereon, if it shall be proved at the hearing that the licenseesold any handgun to a minor.

      Said hearing herein provided shall be held within thirty (30) days afternotice thereof, and the alleged violation determined by written order ofthe city or county issuing the license within sixty (60) days after suchhearing is concluded; but no revocation or suspension or surrender of anylicense shall impair or affect the obligation of any preexisting lawfulcontract between the licensee and any borrower.

      History:   L. 1972, ch. 51, § 8; July 1.