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10b-6
10B.6 PENALTIES.
1. The failure to timely file a report or the filing of false
information in a report as provided in section 10B.4 is punishable by
a civil penalty not to exceed one thousand dollars.
2. The secretary of state shall notify a reporting entity which
the secretary of state has reason to believe is required to file a
report and who has not filed a timely report, that the person may be
in violation of section 10B.4. The secretary of state shall include
in the notice a statement of the penalty which may be assessed if the
required report is not filed within thirty days. The secretary of
state shall refer to the attorney general any reporting entity which
the secretary of state has reason to believe is required to report
if, after thirty days from receipt of the notice, the reporting
entity has not filed the required report. The attorney general may,
upon referral from the secretary of state, file an action in district
court to seek the assessment of a civil penalty of one hundred
dollars for each day the report is not filed. Section History: Recent Form
98 Acts, ch 1110, §206, 301
