§ 24-142. Application for license - Resident agent.

A.  Applications for a credit service organization license shall be under oath and shall state the full name and place of residence of the applicant.  If the applicant is a partnership, the full name and place of residence of each member thereof shall be stated.  If the applicant is a corporation, the full name and place of residence of each officer or major stockholder thereof shall be stated.  The application shall give the approximate location from which the business is to be conducted, and shall contain such relevant information as the Administrator may require.

B.  Each licensee shall maintain on file with the Administrator a written appointment of a resident of this state as his agent for service of all judicial or other process or legal notice, unless the licensee has appointed an agent pursuant to another statute of this state.  In case of noncompliance with the provision of this section, such service may be made on the Administrator on behalf of the licensee.

Added by Laws 1987, c. 208, § 47, operative July 1, 1987 and Laws 1987, c. 236, § 73, emerg. eff. July 20, 1987.