260.16. The president may appoint a provisional administrator to manage temporarily, continue or terminate the current business of a merchant in any of the following cases:(a) where the merchant operates without a permit;
(b) where the merchant no longer meets one of the requirements prescribed by this Act or the regulations for obtaining a permit;
(c) where the merchant’s permit is cancelled or suspended by the president or where the latter refuses to renew the permit;
(d) where the president has reasonable grounds to believe that, during the term of his permit, the merchant did not comply with every obligation under sections 260.7 to 260.13;
(e) where the president is of the opinion that the rights of consumers may be jeopardized if such action is not taken.