48. Every licence shall become void by the sole fact of the bankruptcy of its holder.
The board may also cancel a licence in the case of the bankruptcy of the physical person who qualifies the licence holder and in the case of the bankruptcy of a partner if the solvency of the partner or partnership, as the case may be, is thereby impaired.
However, the board may issue to the trustee in bankruptcy or the liquidator, as the case may be, a temporary licence authorizing him to complete the work contemplated by such temporary licence.