Colorado § 12-100-122 - Revocation or suspension of partnership, professional corporation, or limited liability company registration.

§ 12-100-122. Revocation or suspension of partnership, professional corporation, or limited liability company registration.

(1) After notice and hearing as provided in section 12-100-123, the board shall revoke the registration of a partnership, professional corporation, or limited liability company if, at the time of the hearing, the partnership, professional corporation, or limited liability company does not have all the qualifications prescribed by the section of this article 100 under which it qualified for registration.

(2) After notice and hearing as provided in section 12-100-123, the board may take disciplinary or other action against a registrant as authorized by section 12-20-404 for any of the causes enumerated in section 12-100-120 or for the following additional causes:

(a) The revocation, suspension, or refusal to renew the certificate of any partner, shareholder, or member;

(b) The cancellation, revocation, suspension, or refusal to renew the authority of the partnership or any partner thereof to practice public accounting in any other jurisdiction;

(c) The cancellation, revocation, suspension, or refusal to renew the authority of the professional corporation, limited liability company, or foreign corporation or limited liability company or any shareholder or member thereof to practice public accounting by any other state or federal jurisdiction, or jurisdiction outside the United States or the public company accounting oversight board, created by the federal "Sarbanes-Oxley Act of 2002", 15 U.S.C. sec. 7201 et seq., as amended.

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 814, § 1, effective October 1.

Editor's note: This section is similar to former § 12-2-124 as it existed prior to 2019.