Power to Order Production of Records

Power to Order Production of Records. In connection with the duties prescribed in this chapter the Registrar of Corporations may order the production of books of account, papers and documents of any corporation or company authorized to do business within the Commonwealth. Refusal, without a showing of good cause, to produce books of account, papers and documents within 30 days after an order for the production thereof is a misdemeanor punishable by a maximum fine of $50, or, when the order is directed to an individual, imprisonment for not to exceed 90 days, or both. Source: 37 TTC § 54. Commission Comment: Executive Order 97-03, which was signed on November 13, 1997, transferred the subject duty of the Attorney General set forth in 1 CMC § 2153(b) and related duties and responsibilities of the Registrar of Corporations (set forth in 4 CMC §§ 4201-4204) to the Department of Commerce. As of March 31, 2003, no transfers had taken place.