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Current as of January 01, 2024 | Updated by FindLaw Staff
1. If the commissioner believes, whether or not based upon an investigation conducted under section 51-23-11, that any person has engaged or is about to engage in any act or practice constituting a violation of any provision of this chapter or any rule or order hereunder, the commissioner may:
a. Issue a cease and desist order;
b. Issue an order imposing a civil penalty in an amount which may not exceed ten thousand dollars for any single violation or one hundred thousand dollars for multiple violations in a single proceeding or a series of related proceedings; and
c. Initiate any of the actions specified in subsection 2.
2. The commissioner may institute any of the following actions in the appropriate courts of this state, or in the appropriate courts of another state, in addition to any legal or equitable remedies otherwise available:
a. A declaratory judgment;
b. An action for a prohibitory or mandatory injunction to enjoin the violation and to ensure compliance with this chapter or any rule or order of the commissioner;
c. An action for disgorgement; and
d. An action for appointment of a receiver or conservator for the defendant or the defendant's assets.
Cite this article: FindLaw.com - North Dakota Century Code Title 51. Sales and Exchanges § 51-23-12. Enforcement of chapter - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-51-sales-and-exchanges/nd-cent-code-sect-51-23-12/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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