2013 Indiana Code TITLE 8. UTILITIES AND TRANSPORTATION ARTICLE 1. UTILITIES GENERALLY CHAPTER 10. PUBLIC UTILITY ACCOUNTING PRACTICES
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IC 8-1-10
Chapter 10. Public Utility Accounting Practices
IC 8-1-10-1
Payments unlawful
Sec. 1. Whenever an order has been lawfully made upon any
public utility by the commission under the provisions of IC 8-1-2 or
by the state department of health under the provisions of
IC 16-41-24, it shall be unlawful for such public utility, or any
officer thereof, to pay any funds from its treasury to any other public
utility for the purpose of concealing its income or assets or otherwise
diverting the funds from their proper uses.
(Formerly: Acts 1915, c.57, s.1.) As amended by P.L.59-1984,
SEC.63; P.L.23-1988, SEC.41; P.L.2-1992, SEC.81; P.L.2-1993,
SEC.62.
IC 8-1-10-2
Fines and penalties
Sec. 2. Any person, firm, limited liability company, or corporation
violating any provision of section 1 of this chapter shall become
liable to a penalty of not less than five hundred dollars ($500) nor
more than one thousand dollars ($1,000) for each offense, to be
recovered in an action in the proper circuit or superior court, by the
state of Indiana on the relation of the attorney general or any
prosecuting attorney, and such penalty, when recovered, shall be paid
into the state treasury, for the use of the state.
(Formerly: Acts 1915, c.57, s.2.) As amended by P.L.59-1984,
SEC.64; P.L.8-1993, SEC.121.
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