30-10-1108. Source of payment of whistleblower award. (1) The commissioner is authorized to order that a whistleblower award is paid:
(a) directly to a known whistleblower; or
(b) for an anonymous whistleblower, to counsel for the whistleblower as provided in 30-10-1106, who shall distribute the award to the anonymous whistleblower.
(2) Any whistleblower award under this part must be paid solely from the monetary sanction collected in the related administrative or judicial action and has first priority over other payment or disbursement.
History: En. Sec. 8, Ch. 76, L. 2021.
Structure Montana Code Annotated
Chapter 10. Securities Regulation
Part 11. Whistleblower Award and Protection Act
30-10-1104. Authority to make whistleblower award
30-10-1105. Anonymous whistleblower complaints
30-10-1106. Amount of whistleblower award
30-10-1107. Discretion to determine amount of whistleblower award
30-10-1108. Source of payment of whistleblower award
30-10-1109. Factors used to determine amount of whistleblower award
30-10-1110. Disqualification from award
30-10-1111. Protection of whistleblowers and internal reporters