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After notice and hearing, the clerk may revoke any license issued under this chapter for the following reasons:

(1) Fraudulent Statements. The licensee has made fraudulent statements in his application for the license or in the conduct of his business.

(2) Violation of Law. The licensee has violated this chapter or has otherwise conducted his business in an unlawful manner.

(3) Endangered Public Welfare, Health or Safety. The licensee has conducted his business in such a manner as to endanger the public welfare, safety, order or morals. [Code 1975 § 7-1.0114.]