§ 27-34-38 — Annual Statements - Failure to File

A society neglecting to file the annual statement in the form and within the time provided by this chapter shall forfeit $100.00 for each day during which such neglect continues; and, upon notice by the commissioner to that effect, its authority to do business in this state shall cease while such default continues.

Legislative History

(Acts 1971, No. 407, p. 707, §710.)