§ 150-481. Examinations and investigations; penalty.
Latest version.
For the purpose of administering this article, the director, whenever he deems it
expedient, may make or cause to be made by any employee of the department of finance
an examination or investigation of the place of business, if any, the tangible personal
property and the books, records, papers, vouchers, accounts and documents of any dealer.
Every dealer and every director, officer, agent or employee of every dealer shall
exhibit to the director or to any such employee of the department hereafter referred
to as a "deputy," the tangible personal property and all of the books, records, papers,
vouchers, accounts and documents of the dealer and to facilitate any such examination
or investigation so far as it may be in his power so to do. A dealer's failure to
produce such tangible personal property, books, records, papers, vouchers, accounts,
and/or documents after a request by the director or a deputy shall result in a penalty
of $100.00 per day each day such materials are not produced for the first 90 days;
$200.00 per day between 91—180 days; and $500.00 per day for each day thereafter as
determined by the director.
