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(1) Within 60 days after a deadline for the filing of any statement required by this part, the lieutenant governor shall review each filed statement to ensure that:
(a) each corporation that is required to file a statement has filed one; and
(b) each statement contains the information required by this part.
(2) If it appears that any corporation has failed to file any statement, if it appears that a filed statement does not conform to the law, or if the lieutenant governor has received a written complaint alleging a violation of the law or the falsity of any statement, the lieutenant governor shall:
(a) impose a fine against the corporation in accordance with Section 20A-11-1005; and
(b) within five days of discovery of a violation or receipt of a written complaint, notify the corporation of the violation or written complaint and direct the corporation to file a statement correcting the problem.
(3)
(a) It is unlawful for any corporation to fail to file or amend a statement within seven days after receiving notice from the lieutenant governor under this section.
(b) Each corporation that violates Subsection (3)(a) is guilty of a class B misdemeanor.
(c) The lieutenant governor shall report all violations of Subsection (3)(a) to the attorney general.
(d) In addition to the criminal penalty described in Subsection (3)(b), the lieutenant governor shall impose a civil fine of $1,000 against a corporation that violates Subsection (3)(a).