6.2-1064 - (Effective October 1, 2010) Civil penalties for violation of Commission's orders. - Virginia Statutes

§ 6.2-1064. (Effective October 1, 2010) Civil penalties for violation ofCommission's orders.

A. The Commission may impose, enter judgment for, and enforce by its process,a civil penalty not exceeding $10,000 upon any trust subsidiary or againstany of its directors, officers, or employees, who it determines, inproceedings commenced in accordance with the Commission's Rules, has violatedany lawful order of the Commission.

B. The Commission may remove from office any director or officer of a trustsubsidiary for a second or subsequent violation by him of any such order.

C. In all cases the defendant shall have an opportunity to be heard and tointroduce evidence, and the right to appeal as provided by law.

(1968, c. 791, § 6.1-125; 1974, c. 665; 1976, c. 658; 2010, c. 794.)