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47.24 Failure to report; forfeitures.

Every corporation which shall fail to make and transmit to the commissioner of commerce, within ten days after the time prescribed by law therefor, any report required by the provisions of this chapter, or by other lawful authority, or shall fail to include therein any matter required by the commissioner of commerce, shall forfeit to the state the sum of $100 for every day that the report is withheld or delayed or that it shall fail to report any such omitted matter.

HIST: (7652) RL s 2979; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92