sec.54BShow cause notice

### sec.54B Show cause notice This section applies if the commissioner believes grounds exist to exclude a person from undertaking reviews of trust accounts and preparing account review reports. The commissioner must give the person a notice (a show cause notice ) stating— the commissioner proposes to exclude the person from undertaking reviews of trust accounts and preparing account review reports; and the grounds for the proposed exclusion; and an outline of the facts and circumstances forming the basis for the grounds; and an invitation to the person to show within a stated period (the show cause period ) why the proposed exclusion should not be made. The show cause period must not be less than 14 days after the show cause notice is given to the person. s 54B ins 2020 No. 24 s 63 (sec.54B-ssec.1) This section applies if the commissioner believes grounds exist to exclude a person from undertaking reviews of trust accounts and preparing account review reports. (sec.54B-ssec.2) The commissioner must give the person a notice (a show cause notice ) stating— the commissioner proposes to exclude the person from undertaking reviews of trust accounts and preparing account review reports; and the grounds for the proposed exclusion; and an outline of the facts and circumstances forming the basis for the grounds; and an invitation to the person to show within a stated period (the show cause period ) why the proposed exclusion should not be made. (sec.54B-ssec.3) The show cause period must not be less than 14 days after the show cause notice is given to the person. - (a) the commissioner proposes to exclude the person from undertaking reviews of trust accounts and preparing account review reports; and - (b) the grounds for the proposed exclusion; and - (c) an outline of the facts and circumstances forming the basis for the grounds; and - (d) an invitation to the person to show within a stated period (the show cause period ) why the proposed exclusion should not be made.