§ 5-5.1-8. License qualifications.
(a) Every applicant, or in the case of a partnership each partner, or in the case of a
corporation each officer and general, and each shareholder owning a ten percent (10%)
or greater interest in the applicant, provided, the applicant is not a publicly traded
corporation, shall meet the following qualifications before it may engage in any business
licensed under this chapter:
(1) Be eighteen (18) years of age;
(2) Be a citizen of the United States or a resident alien;
(3) Not have been c
Free access — add to your briefcase to read the full text and ask questions with AI
§ 5-5.1-8. License qualifications.
(a) Every applicant, or in the case of a partnership each partner, or in the case of a
corporation each officer and general, and each shareholder owning a ten percent (10%)
or greater interest in the applicant, provided, the applicant is not a publicly traded
corporation, shall meet the following qualifications before it may engage in any business
licensed under this chapter:
(1) Be eighteen (18) years of age;
(2) Be a citizen of the United States or a resident alien;
(3) Not have been convicted in any jurisdiction of a felony;
(4) Not have had his or her license or registration revoked or application for the license
or registration denied by the attorney general or by the appropriate authority of
any other jurisdiction;
(5) Not have been declared by any court of competent jurisdiction incompetent by reason
of mental defect or disease and not having been restored;
(6) Not suffer from habitual drunkenness or from narcotics addiction or dependence; and
(7) Be of good moral character.
(b) A corporation seeking a license shall be incorporated under the laws of this state
or shall be qualified to do business within this state with a valid certificate of
authority issued by the secretary of state and an agent for service of process designated
as required by law.
(c) With verification of no criminal background as established in subsection (a) of this
section, any person engaged in the private security guard industry, prior to January
1, 1988, and who continues to be engaged as of January 1, 1988, may apply for a security
agent license. This initial application will be treated as a renewal of a license.