Question

Once a Owner or Qualified manager for a company follows the proper procedures to terminate a License or Branch Office License they can come back later and have that license reinstated.

true or false

Answer 1

Once a License or Branch Office License is properly terminated, it cannot be reinstated; a new licensing process would need to be initiated.

Step-by-step explanation:

The question pertains to whether an owner or qualified manager can reinstate a License or Branch Office License after it has been properly terminated. The answer is false. Once a license is terminated following the correct procedures, it cannot simply be reinstated. Instead, the individual or entity would likely have to go through the licensing process anew.

Regulations can vary depending on the jurisdiction and the specific industry, so it is essential to check with the relevant licensing authority for the most accurate information.The statement is false. Once an owner or qualified manager follows the proper procedures to terminate a license or branch office license, the license cannot be reinstated later. Once the license is terminated, it is typically permanent.