§ 10564 Corporate License Suspension Authority

The commissioner can pause or cancel a company's mineral, oil, and gas license for a specific officer or agent, while keeping the company's overall license active.

Key Takeaways

•The commissioner can suspend or revoke the license for an individual officer or agent.
•The corporation’s overall mineral, oil, and gas license can remain unchanged.
•The action only affects the person acting under the license, not the whole company.

Example

A drilling company has a license to extract gas. One of its supervisors breaks safety rules while on the job.

The commissioner can suspend or take away the supervisor's permission to act under the license, but the company's main license to drill can stay in place.

The commissioner may suspend or revoke the mineral, oil, and gas license of a corporation as to any officer or agent acting under its mineral, oil, and gas license, without revoking the mineral, oil, and gas license of the corporation.

The commissioner can pause or cancel a company's mineral, oil, and gas license for a specific officer or agent, while keeping the company's overall license active.

Key Takeaways

•The commissioner can suspend or revoke the license for an individual officer or agent.
•The corporation’s overall mineral, oil, and gas license can remain unchanged.
•The action only affects the person acting under the license, not the whole company.

Example

A drilling company has a license to extract gas. One of its supervisors breaks safety rules while on the job.

The commissioner can suspend or take away the supervisor's permission to act under the license, but the company's main license to drill can stay in place.

Key Takeaways

Example

References

§ 10564 Corporate License Suspension Authority

Key Takeaways

Example

References

Key Takeaways

Example

Related Statutes

References

Key Takeaways

Example

Related Statutes

References