§1778. Inducing breach of contract; spreading false reports; penalty
1.
Violation.
A person may not:
A.
Knowingly induce a member or stockholder of an association to violate the member's or stockholder's marketing contract with the association;
[PL 2003, c. 452, Pt. G, §1 (NEW); PL 2003, c. 452, Pt. X, §2 (AFF).]
B.
Knowingly attempt to induce a member or stockholder of an association to violate the member's or stockholder's marketing contract with the association; or
[PL 2003, c. 452, Pt. G, §1 (NEW); PL 2003, c. 452, Pt. X, §2 (AFF).]
C.
Intentionally or knowingly spread false reports about the finances or management of the association.
[PL 2003, c. 452, Pt. G, §1 (NEW); PL 2003, c. 452, Pt. X, §2 (AFF).]
[PL 2003, c. 452, Pt. G, §1 (NEW); PL 2003, c. 452, Pt. X, §2 (AFF).]
2.
Penalties.
A person or corporation whose employees or officers violate this section commits a civil violation for which a fine of not less than $100 and not more than $1,000 may be adjudged for each such offense. In addition, the person or corporation is subject to a civil penalty of $500 for each such offense, to be recovered in a civil action by the aggrieved association.
[PL 2003, c. 452, Pt. G, §1 (NEW); PL 2003, c. 452, Pt. X, §2 (AFF).]
SECTION HISTORY
PL 2003, c. 452, §G1 (RPR). PL 2003, c. 452, §X2 (AFF).