32-8-204. Administrative orders by commissioner. (1) In addition to or in lieu of the board's suspending or revoking the charter issued to a foreign capital depository, the commissioner may:
     (a) issue a cease and desist order that specifies the activity that the depository may not undertake for the duration of the order;
     (b) require a depository to take action as determined by the commissioner; or
     (c) order the depository to pay a civil penalty in an amount not to exceed $10,000 for each violation or, in the case of a continuing violation, $10,000 for each day during which the violation continues.
     (2) Orders issued by the commissioner pursuant to this section must be issued in compliance with the contested case procedure of the Montana Administrative Procedure Act.

     History: En. Sec. 11, Ch. 382, L. 1997.