§ 47-30.2-66 — (1205) Other civil penalties

North Dakota § 47-30.2-66

• Jurisdiction: North Dakota
• Title 47: Property
• Ch. 47-30.2: Revised Uniform Unclaimed Property Act

Text

1. If a holder enters into a contract or other arrangement for the purpose of evading an
obligation under this chapter or otherwise willfully fails to perform a duty imposed on
the holder under this chapter, the commissioner may require the holder to pay the

administrator, in addition to interest as provided in subsection 1 of section 47-30.2-65,
a civil penalty of one thousand dollars for each day the obligation is evaded or the duty
is not performed, up to a cumulative maximum amount of twenty-five thousand dollars,
plus twenty-five percent of the amount or value of property that should have been, but
was not reported, paid, or delivered as a result of the evasion or failure to perform.
2. If a holder makes a fraudulent report under this chapter, the commissioner may require
the holder to pay to the administrator, in addition to interest under subsection 1 of
section 47-30.2-65, a civil penalty of one thousand dollars for each day from the date
the report was made until corrected, up to a cumulative maximum of twenty-five
thousand dollars, plus twenty-five percent of the amount or value of any property that
should have been reported, but was not included in the report or was underreported.