§ 145. Penalties; restraining orders and injunctions. 1. Any company\nwhich wilfully violates any provision of this article is guilty of a\nmisdemeanor and upon conviction thereof shall be fined not more than one\nthousand dollars for each day during which such violation continues.\n 2. Any individual who wilfully participates in a violation of any\nprovision of this article is guilty of a misdemeanor and upon conviction\nthereof shall be fined not more than ten thousand dollars or shall be\nimprisoned not more than one year, or both.\n 3. If any action violates or would violate any of the provisions of\nthis article, the superintendent or his duly authorized agent may apply\nto the supreme court of this state for the enforcement of this article;\nand such court shall have jurisdiction to enforce obedience thereto, to\norder divestment of stock illegally acquired, held or voted, by\ninjunction or by other process, mandatory or otherwise, and to restrain\nviolation of this article.\n
N.Y. Banking Law § 145
Penalties; restraining orders and injunctions
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.