Section 75-67-235 - Discontinuance of business and surrender of license

Any person holding a license under the provisions of this article may discontinue his business by giving the comptroller written notice thereof and surrendering his license to the comptroller, but such action shall in nowise relieve the licensee or the surety on his bond from any liability which may have accrued or existed at the time of the surrender of such license nor shall impair or affect the obligation of any lawful pre-existing contract between the licensee and any other person, firm or corporation.Codes, 1942, § 5591-48; Laws, 1958, ch. 168, § 18, eff. 7/1/1958.