A.__If the commission determines that a compacting state has defaulted in the performance of any of its obligations or responsibilities under this compact, the bylaws or duly promulgated rules or operating procedures, then, after notice and hearing as set forth in the bylaws, all rights, privileges and benefits conferred by this compact on the defaulting state are suspended from the effective date of default as fixed by the commission.__The grounds for default include, but are not limited to, failure of a compacting state to perform its obligations or responsibilities, and any other grounds designated in commission rules.__The commission shall immediately notify the defaulting state in writing of the defaulting state's suspension pending a cure of the default.__The commission shall stipulate the conditions and the time period within which the defaulting state must cure its default.__If the defaulting state fails to cure the default within the time period specified by the commission, the defaulting state must be terminated from the compact and all rights, privileges and benefits conferred by this compact are terminated from the effective date of termination.

B.__Product approvals by the commission or product self- certifications, or any advertisement in connection with such a product, that are in force on the effective date of termination remain in force in the defaulting state in the same manner as if the defaulting state had withdrawn voluntarily pursuant to subsection 1.

C.__Reinstatement following termination of a compacting state requires a reenactment of the compact.

3.__Dissolution of compact. The following provisions govern the dissolution of the compact.

A.__The compact dissolves upon the date of the withdrawal or default of the compacting state that reduces membership in the compact to one compacting state.

B.__Upon the dissolution of this compact, the compact becomes void and is of no further effect, and the business and affairs of the commission must be wound up and any surplus funds must be distributed in accordance with the bylaws.

§2486.__Construction -- Article 15