202B.402 - PENALTIES -- REPORTS.
202B.402 PENALTIES -- REPORTS.
Failure to timely file a report or the filing of false information
is punishable by a civil penalty not to exceed one thousand dollars.
For purposes of this section a report is timely filed if the
report is filed prior to May 1 of the year in which it is required to
be filed.
The secretary of state shall notify a person who the secretary has
reason to believe is required to file a report as provided by this
chapter and who has not filed a timely report, that the person may be
in violation of this section. 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 person who the
secretary has reason to believe is required to report under this
chapter if, after thirty days from receipt of the notice, the person
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: Early Form
[C77, 79, 81, § 172C.11] Section History: Recent Form
91 Acts, ch 172, §6
C93, § 9H.11
2003 Acts, ch 115, §16, 19
CS2003, §202B.402