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The DC Code: § 47-2853.18 7. Effect of corporate, partnership, or association license revocation or suspension.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)

In the event of the revocation or suspension of a license issued to a real estate firm, franchise, partnership, association, or corporation, the license issued to the principal real estate broker, or any member of a partnership or director or officer of an association or corporation, shall be summarily revoked or suspended by the Mayor, unless:

1
In a partnership, the connection with the member whose license has been revoked or suspended is severed within the time prescribed by the Mayor, and his or her participation in the partnership's activities is terminated; or
2
In an association or corporation, the director or officer whose license has been revoked or suspended is discharged and he or she has no further participation in the association's or corporation's activities.

Historical and Statutory

Prior Codifications 1981 Ed., § 47-2853.187. Legislative History of Laws For legislative history of D.C. Law 12-261, see Historical and Statutory Notes following § 47-2801. DC CODE § 47-2853.187 Current through December 11, 2012

Credits

(Apr. 20, 1999, D.C. Law 12-261, § 1002, 46 DCR 3142.)