Penalty for nonperformance of obligations.
Section 109
SEC. 109. Penalty for nonperformance of obligations.—Notwithstanding the provisions of this Act, where a cooperative or a person required to take action under this Act, under the regulations or the by-laws and such action is not taken— Within the time provided in this Act, the regulations or the by-laws; or Where no time is provided, within such reasonable time as the Administrator may specify by a notice in writing, the Administrator may apply to the court for an order which shall call upon any person whom the Administrator considers to be responsible for the carrying out of his directions and after giving such person an opportunity to be heard, requiring him to pay to the assets of the co-operative such sum not exceeding twenty pesos at the discretion of the court for each day until the directions of the Administrator are carried out.