Source: https://www.law.cornell.edu/uscode/text/15/687e
Timestamp: 2018-07-23 13:55:03
Document Index: 161011922

Matched Legal Cases: ['§ 687', '§ 687', '§ 687', '§\u202f687', '§\u202f313', '§\u202f7', '§\u202f5']

15 U.S. Code § 687e - Removal or suspension of management officials | US Law | LII / Legal Information Institute
U.S. Code › Title 15 › Chapter 14B › Subchapter III › Part A › § 687e
15 U.S. Code § 687e - Removal or suspension of management officials
§ 687e.
Removal or suspension of management officials
(a) Definition of “management official”
In this section, the term “management official” means an officer, director, general partner, manager, employee, agent, or other participant in the management or conduct of the affairs of a licensee.
(1) Notice of removalThe Administrator may serve upon any management official a written notice of its intention to remove that management official whenever, in the opinion of the Administrator—
(A) TimingA hearing described in paragraph (2) shall be fixed for a date not earlier than 30 days nor later than 60 days after the date of service of notice of the hearing, unless an earlier or a later date is set by the Administrator at the request of—
(B) EffectivenessAn order under subparagraph (A) shall—
(2) EffectivenessA suspension or prohibition under paragraph (1)—
pending the completion of the administrative proceedings pursuant to a notice of intention to remove served under subsection (b); and
(1) Hearing venueAny hearing provided for in this section shall be—
(3) Authority to modify ordersThe Administrator may modify, terminate, or set aside any order issued under this section—
(D) Court jurisdictionUpon the filing of a petition under subparagraph (A)—
(Pub. L. 85–699, title III, § 313, as added Pub. L. 89–779, § 7, Nov. 6, 1966, 80 Stat. 1360; amended Pub. L. 107–100, § 5, Dec. 21, 2001, 115 Stat. 967.)