§ 221-9. Payment of judgments.

Every license issued pursuant to this chapter shall be subject to suspension or revocation upon the failure of such licensee to pay or satisfy any judgment secured against him by anyone who parked or stored a motor vehicle in the parking lot or garage licensed hereunder, provided that such judgment was secured in a court of competent jurisdiction against the licensee for acts of commission or omission with regard to the business maintained, operated or conducted by him pursuant to the license issued hereunder.