Section 1778 - Inducing breach of contract; spreading false reports; penalty1.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; [2003, c. 452, Pt. G, §1(NEW); 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 [2003, c. 452, Pt. G, §1(NEW); 2003, c. 452, Pt. X, §2(AFF).]C. Intentionally or knowingly spread false reports about the finances or management of the association. [2003, c. 452, Pt. G, §1(NEW); 2003, c. 452, Pt. X, §2(AFF).] [2003, c. 452, Pt. G, §1(NEW); 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. [2003, c. 452, Pt. G, §1(NEW); 2003, c. 452, Pt. X, §2(AFF).]
2003, c. 452, §G1 (RPR) . 2003, c. 452, §X2 (AFF) .