Section 20-774. Violations


Latest version.
  • 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, subdivisions (a) and (b) of sections 20-771 and
      20- 20-772 of this subchapter shall be guilty of a misdemeanor and  upon
      conviction  shall  be  subject  to  a  fine  not  to exceed one thousand
      dollars, or imprisonment for not more than one year,  or  both,  by  any
      court   of  competent  jurisdiction.  Criminal  proceedings  based  upon
      violations of such subdivisions may be instituted  by  the  commissioner
      and/or any persons aggrieved by such violations.
        * NB There are 2 § 20-774's