122. Accreditation is modified or revoked by operation of law where the permit is modified pursuant to section 119 or revoked.
Accreditation is also revoked by operation of law if the institution refuses or neglects to receive for a given school year the subsidy to which it would be entitled by virtue of an accreditation.
1992, c. 68, s. 122; 2010, c. 23, s. 15.