755.07 SUSPENSION AND REVOCATION OF LICENSE.

   The Director of Finance may revoke or suspend the license of any licensee:

   (a)    For any of the reasons and upon any grounds declared to be unlawful by Section  521.06. 

   (b)    For any reason or ground upon which a license might have been refused in the first instance had the facts at the time of issuance of such license been known to the Director of Finance.

   (c)    For any reason or ground provided by the law of this State for the revocation or suspension of a State license.

      (1969 Code §14-78)