20A-11-703. Criminal penalties -- Fines.

263 words·~1 min read·/ut/title-20a/chapter-11/20a-11-703

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/7/2025

(1)Within 60 calendar days after a deadline for the filing of any statement required by this part, the lieutenant governor shall review each filed statement to ensure that:

(a)each corporation that is required to file a statement has filed one; and

(b)each statement contains the information required by this part.

(2)If it appears that any corporation has failed to file any statement, if it appears that a filed statement does not conform to the law, or if the lieutenant governor has received a written complaint alleging a violation of the law or the falsity of any statement, the lieutenant governor shall:

(a)impose a fine against the corporation in accordance with Section 20A-11-1005 ; and

(b)within five days after the day on which the lieutenant governor discovers the violation or receives the written complaint, notify the corporation of the violation or written complaint and direct the corporation to file a statement correcting the problem.

(a)It is unlawful for any corporation to fail to file or amend a statement within seven calendar days after receiving notice from the lieutenant governor under this section.

(b)Each corporation that violates Subsection (3)(a) is guilty of a class B misdemeanor.

(c)The lieutenant governor shall report all violations of Subsection (3)(a) to the attorney general.

(d)In addition to the criminal penalty described in Subsection (3)(b) , the lieutenant governor shall impose a civil fine of $1,000 against a corporation that violates Subsection (3)(a) .

Amended by Chapter 448 , 2025 General Session