(1) Any person who violates any provision of this article 15 commits a class 2 misdemeanor and shall be punished as provided in section 18-1.3-501. Any person who violates the trust fund provisions of this article 15 or any other misappropriation of funds commits theft pursuant to section 18-4-401.
(2) The commissioner may apply to a court of competent jurisdiction for the appointment of a receiver if the commissioner determines that such appointment is necessary to protect the interests of the contract buyers.
Source: L. 95: Entire article R&RE, p. 1045, § 1, effective May 25. L. 2002: (1) amended, p. 1468, § 28, effective October 1. L. 2021: (1) amended, (SB 21-271), ch. 462, p. 3149, § 117, effective March 1, 2022.