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Surrender and seizure of licence following suspension or revocation, etc.
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40.— (1) Where a licensee is adjudicated bankrupt, the adjudication shall operate immediately to suspend the licence of the licensee or, if the licensee holds 2 or more licences, all those licences until—
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(a) the licence expires or all those licences expire, as the case may be, or
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(b) the adjudication is annulled and an office copy of the order annulling the adjudication is served on the Authority,
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whichever first occurs.
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(2) Where—
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(a) a licence is suspended or revoked, or
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(b) a licensee ceases to provide the property service authorised by the licence,
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the licensee shall forthwith surrender the licence (and every duplicate of the licence) to the Authority and the Authority shall cause the Register to be updated accordingly.
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(3) An inspector may seize and retain a licence (and every duplicate of the licence)—
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(a) which has been suspended or revoked or has expired, or
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(b) where the licensee has ceased to provide the property service authorised by the licence.
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(4) A person who, without reasonable excuse, contravenes subsection (2) is guilty of an offence and liable on summary conviction to a class A fine.
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