New York Laws
Article 3-A - Bank Holding Companies; Control of Banking Institutions
145 - Penalties; Restraining Orders and Injunctions.

§ 145. Penalties; restraining orders and injunctions. 1. Any company
which wilfully violates any provision of this article is guilty of a
misdemeanor and upon conviction thereof shall be fined not more than one
thousand dollars for each day during which such violation continues.

2. Any individual who wilfully participates in a violation of any
provision of this article is guilty of a misdemeanor and upon conviction
thereof shall be fined not more than ten thousand dollars or shall be
imprisoned not more than one year, or both.

3. If any action violates or would violate any of the provisions of
this article, the superintendent or his duly authorized agent may apply
to the supreme court of this state for the enforcement of this article;
and such court shall have jurisdiction to enforce obedience thereto, to
order divestment of stock illegally acquired, held or voted, by
injunction or by other process, mandatory or otherwise, and to restrain
violation of this article.

Structure New York Laws