6.2-1041 - (Effective October 1, 2010) Civil penalties for failure to comply with § 6.2-1031 or 6.2-1032. - Virginia Statutes

§ 6.2-1041. (Effective October 1, 2010) Civil penalties for failure to complywith § 6.2-1031 or 6.2-1032.

A. Any trust company failing to comply with any of the provisions of §6.2-1031, for a period of longer than 30 days, after being called upon by theCommission for a statement, or to do such other act as is therein provided,shall be subject to assessment by the Commission of a civil penalty of notless than $100 nor more than $1,000 per day for each day of noncompliance.

B. Any officer of any trust company who shall refuse to give any examiner theinformation or refuse to be sworn, as required by § 6.2-1032, shall besubject to assessment by the Commission of a civil penalty of not less than$25 nor more than $100 per day for each day of noncompliance.

(Code 1950, § 6-128; 1966, c. 584, § 6.1-114; 1974, c. 665; 1976, c. 658;1988, c. 555; 1997, c. 142; 2010, c. 794.)