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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 5. (a) Except as provided in subsection (b), the commissioner may not enter a final order:
(1) denying, suspending, or revoking the license of an applicant or a licensee; or
(2) imposing another sanction;
without prior notice to all interested parties, opportunity for a hearing, and written findings of fact and conclusions of law.
(b) The commissioner may, by summary order, deny, suspend, or revoke a license:
(1) pending final determination of a proceeding under this chapter; or
(2) before a proceeding is initiated under this chapter.
(c) Upon the entry of a summary order under subsection (b), the commissioner shall promptly notify all interested parties:
(1) that the summary order has been entered;
(2) of the reasons for the summary order; and
(3) that, upon receipt by the commissioner of a written request from a party, the matter will be set for hearing to commence not later than forty-five (45) business days after the commissioner's receipt of the request.
(d) If a hearing:
(1) is not requested under subsection (c); and
(2) is not ordered by the commissioner;
the summary order remains in effect until the summary order is modified or vacated by the commissioner.
(e) If a hearing is requested under subsection (c) or ordered by the commissioner, the commissioner may:
(1) after notice of the hearing has been given to all interested persons; and
(2) the hearing has been held;
modify or vacate the summary order or extend the summary order until final determination is made.
Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-2.5-11-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-2-5-11-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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