Sec. 4. Any bank or trust company which shall fail to prepare and submit any statement of condition required by the department, and any bank or trust company which shall violate any order of the department with respect to such statement or statements, shall be subject to a penalty of one hundred dollars ($100) for each day that shall elapse after the date fixed by the department for compliance with the terms of its notice concerning statements of condition. The penalty prescribed under this section may be recovered in any court of competent jurisdiction, in an action by the state of Indiana, on the relation of “The Department of Financial Institutions” and when so recovered, such penalty shall be paid into the general fund of the state treasury.

Formerly: Acts 1933, c.40, s.214. As amended by P.L.136-2018, SEC.208.