§ 694 — Violations

§ 694. Violations. Any person who violates, and the officers of a\ncorporation and stockholders holding ten percent or more of the stock of\na corporation which is not publicly traded who knowingly permit the\ncorporation to violate, subdivisions one and two of sections six hundred\nninety-one and six hundred ninety-two of this article shall be guilty of\na misdemeanor and upon conviction shall be subject to a fine not to\nexceed one thousand dollars, or imprisonment for not more than one year,\nor both, by any court of competent jurisdiction. Criminal proceedings\nbased upon violation of such sections may be instituted by the\ncommissioner and/or any persons aggrieved by such violations.\n