                                 CODE OF VIRGINIA

SUSPENSION, REVOCATION OR REFUSAL OF LICENSE OF FOREIGN OR ALIEN SOCIETY (§
38.2-4131)

No foreign or alien society doing business or applying to do business in this
Commonwealth shall:

1. Exceed its powers;

2. Fail to comply with any of the provisions of this chapter;

3. Fail to fulfill its contracts in good faith; or

4. Conduct its business fraudulently or in a manner hazardous to its members or
creditors or the public.
			If the Commission, upon investigation, finds such deficiencies, it shall
notify the society in writing of its findings, and after reasonable notice
require the society to show cause on a date designated in the notice why its
license should not be suspended, revoked or refused. If, on the date named in
the notice, the grounds for the proposed suspension, revocation or refusal of
the society&#8217;s license have not been removed to the satisfaction of the
Commission, or the society does not present good and sufficient reasons why its
authority to do business in this Commonwealth should not at that time be
suspended, revoked, or refused the Commission may suspend, revoke or refuse the
license of the society to do business in this Commonwealth.

HISTORY: Code 1950, §§ 38-322, 38.1-631; 1952, c. 317, § 38.1-638.52; 1968,
c. 654; 1986, c. 562.