32-8-603. Criminal penalties. (1) Except for the penalties for wrongful disclosure provided for in 32-8-522, a person who knowingly operates a foreign capital depository without a charter, in violation of the terms or conditions of a charter, or in violation of parts 1 through 5 of this chapter, a rule adopted pursuant to parts 1 through 5 of this chapter, or an order of the department or board or a person who knowingly makes any false statements or representations in an application, report, or other document filed or maintained as required by parts 1 through 5 of this chapter or required by rules adopted under parts 1 through 5 of this chapter is subject to a fine not to exceed $10,000 for each violation or imprisonment not to exceed 6 months, or both. Each day of violation constitutes a separate violation.
     (2) A person convicted of a second or subsequent criminal violation is subject to a fine not to exceed $20,000 for each violation or imprisonment not to exceed 1 year, or both. Each day of a violation constitutes a separate violation.
     (3) Action under this section does not bar enforcement of parts 1 through 5 of this chapter, rules adopted under parts 1 through 5 of this chapter, orders of the department or the board, or terms or conditions of a charter by injunction or other appropriate remedy.

     History: En. Sec. 67, Ch. 382, L. 1997.