§1124.1. Penalties; required reports; failure to file; timely and accurate filing
A.(1) Whoever fails to file a financial statement required by this Part, except for
statements required by R.S. 42:1124, 1124.2, 1124.2.1, and 1124.3, or knowingly and
willfully fails to timely file any such statement, or knowingly and willfully fails to disclose
or to accurately disclose any information required by this Part shall be assessed a civil
penalty pursuant to R.S. 42:1157 for each day until such statement or the required accurate
information is filed.
(2) The amount of such penalty shall be two hundred fifty dollars per day for
statements required by R.S. 42:1114.
B. Whoever knowingly and willfully files a false report required by this Part, except
for statements required by R.S. 42:1124, 1124.2, 1124.2.1, or 1124.3, shall be guilty of a
misdemeanor and upon conviction thereof shall be fined not less than one thousand dollars
nor more than ten thousand dollars or imprisoned in parish prison for not more than six
months, or both. Any prosecution under this Subsection shall be tried before a jury of six
persons, all of whom must concur to render a verdict.
C. "Knowingly and willfully" for purposes of this Section means conduct which
could have been avoided through the exercise of due diligence.
Acts 1999, No. 2, §1, eff. April 22, 1999; Acts 1999, No. 1349, §2, eff. July 12, 1999;
Acts 2008, 1st Ex. Sess., No. 1, §2, eff. Jan. 1, 2009; Acts 2008, No. 472, §1, eff. Jan.1, 2009;
Acts 2024, No. 664, §3, eff. Jan. 1, 2025.