Penalty cap adjustment reduces prescribed fee and establishes separate maximum penalties for companies and defaulting officers. The amendment revises the monetary parameters in the cited subsection by reducing the prescribed fee and replacing the prior cap language with ... Summary
Penalty cap adjustment reduces prescribed fee and establishes separate maximum penalties for companies and defaulting officers.
The amendment revises the monetary parameters in the cited subsection by reducing the prescribed fee and replacing the prior cap language with differentiated maximum penalties for companies and for officers in default, thereby creating distinct liability ceilings for corporate entities and responsible officers.
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