20A-11-703 (Effective 01/01/11) - Criminal penalties -- Fines.
20A-11-703 (Effective 01/01/11). Criminal penalties -- Fines.
(1) Within 30 days after a deadline for the filing of any statement required by this part,the lieutenant governor shall review each filed statement to ensure that:
(a) each corporation that is required to file a statement has filed one; and
(b) each statement contains the information required by this part.
(2) If it appears that any corporation has failed to file any statement, if it appears that afiled statement does not conform to the law, or if the lieutenant governor has received a writtencomplaint alleging a violation of the law or the falsity of any statement, the lieutenant governorshall:
(a) impose a fine against the corporation in accordance with Section 20A-11-1005; and
(b) within five days of discovery of a violation or receipt of a written complaint, notifythe corporation of the violation or written complaint and direct the corporation to file a statementcorrecting the problem.
(3) (a) It is unlawful for any corporation to fail to file or amend a statement within 14days after receiving notice from the lieutenant governor under this section.
(b) Each corporation that violates Subsection (3)(a) is guilty of a class B misdemeanor.
(c) The lieutenant governor shall report all violations of Subsection (3)(a) to the attorneygeneral.
Amended by Chapter 389, 2010 General Session