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This entry was published on 2017-01-06
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Penalties for violations
General Business (GBS) CHAPTER 20, ARTICLE 11
§ 190. Penalties for violations. Any person who violates and the
officers of a corporation and stockholders holding ten percent or more
of the stock of a corporation which is not publicly traded, who
knowingly permit the corporation to violate sections one hundred
seventy-two, one hundred seventy-three, one hundred seventy-six, one
hundred eighty-four, one hundred eighty-four-a, one hundred eighty-five,
one hundred eighty-five-a, one hundred eighty-six, or one hundred
eighty-seven of this article shall be guilty of a misdemeanor and upon
conviction shall be subject to a fine not to exceed two thousand five
hundred dollars per violation, or imprisonment for not more than one
year, or both, by any court of competent jurisdiction. The violation of
any other provision of this article shall be punishable by a fine not to
exceed five hundred dollars or imprisonment for not more than thirty
days. Criminal proceedings based upon violations of these sections shall
be instituted by the commissioner and may be instituted by any persons
aggrieved by such violations.