17-2-524. GROUNDS FOR DENIAL, SUSPENSION OR REVOCATION OF LICENSE.
In addition to the reasons provided in this Title, a license may be denied, suspended or revoked if:
(1) A similar license issued to the dealer has been suspended, revoked, or refused in another jurisdiction for a reason which would justify such action under this Section.
(2) Any officer, manager, agent, or employee of the individual or dealer has violated or is attempting to violate any provisions of this Chapter unless the person or dealer:
a. Had no knowledge of the wrongful conduct and in the exercise of reasonable diligence could not have known of the conduct; and
b. Was unable to prevent the violation or attempted violation with the exercise of reasonable diligence.
(3) The person or dealer has been convicted of theft or receiving stolen property on one or more occasions or has completed serving a sentence for any conviction of theft or receiving stolen property, whichever is most recent, within the last five years.