§ 13-5-420 — Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by commissioner; removal

(a) Each officer, director, manager, member, employee or
agent of a supervised trust company, following written notice
from the commissioner sent by certified mail, is subject to
removal upon order of the commissioner if he knowingly or
willfully fails:
(i) To perform any duty required by this chapter or
other applicable law; or
(ii) To conform to any rule, regulation or
requirement of the commissioner.