(2) A public declaration of a licensee's insolvency.(3) The nonpayment of a licensee's debts in the ordinary course of business if there is not a good faith dispute.(4) Revocation or suspension of a licensee's license, if the licensee has outstanding indebtedness owed to claimants.(5) Voluntary surrender of a licensee's license, if the licensee has outstanding indebtedness to claimants.(6) Involuntary or voluntary bankruptcy of a licensee.As added by P.L.250-1995, SEC.1. Amended by P.L.75-2010, SEC.17; P.L.42-2011, SEC.61.
Indiana Legal Code