§ 7-406. Penalty for failure to file pre-acquisition notification

Latest version.

A person required to file a pre-acquisition notification under this subtitle or Subtitle 3 of this title that fails to file the notification and that also fails to demonstrate a good faith effort to comply with the filing requirement is subject to a penalty not exceeding $ 50,000.

HISTORY: An. Code 1957, art. 48A, § 494A; 1995, ch. 36.

                    
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