Idaho State Statutes - Idaho Attorney Directory

After notice and
opportunity for hearing, the director may suspend or revoke a licensee's
license if the director finds that:
(1) Any fact or condition exists that, if it had existed at the time when
the licensee applied for a license, would have been grounds for denying such
application;
(2) The licensee's net worth becomes inadequate and the licensee, after
ten (10) days' written notice from the director, fails to take such steps as
the director deems necessary to remedy such deficiency;
(3) The licensee violates any provisions of this chapter or any rule or
order of the director under the provisions of this chapter or is convicted of
a violation of a state or federal money laundering or terrorism law;
(4) The licensee is conducting its business in an unsafe or unsound
manner;
(5) The licensee is insolvent;
(6) The licensee has suspended payment of its obligations, has made an
assignment for the benefit of its creditors, or has admitted in writing its
inability to pay its debts as they become due;
(7) The licensee has applied for an adjudication of bankruptcy,
reorganization, arrangement or other relief under any bankruptcy;
(8) The licensee refuses to permit the director to make any examination
authorized in this chapter;
(9) The licensee willfully fails to make any report required in this
chapter; or
(10) The licensee, any person who exercises any managerial authority over
the licensee's activities, or any of its executive officers or other persons
in control of the licensee are listed or become listed on the "specially
designated nationals and blocked persons" list prepared by the United States
department of the treasury as a potential threat to commit terrorist acts or
to finance terrorist acts.

Click here to visit the Official Idaho State Statutes