Sec. 15. (a) If the secretary of state determines, after notice and opportunity for a hearing, that a
person has violated this chapter, the secretary of state may, in addition to or instead of all other remedies, impose a civil penalty upon the person in an amount not to exceed ten thousand dollars ($10,000) for each violation. An
appeal from the decision of the secretary of state imposing a civil penalty under this subsection may be taken by an aggrieved party under section 16 of this chapter.
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Terms Used In Indiana Code 25-11-1-15
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- person: means any individual, firm, partnership, limited liability company, or corporation. See Indiana Code 25-11-1-1
(c) Penalties collected under this section shall be deposited in the securities division enforcement account established under IC 23-19-6-1(f).
As added by P.L.230-2007, SEC.23. Amended by P.L.1-2009, SEC.141.
