Ouch! That's quite the painful penalty. It should be quite a deterrent I'm shure.
It forces the corp to refile the list of officers and directors instead listing Warren Buffett, Bill Gates, Larry Ellison, and Carlos Slim. And pay the crushing cost of refiling the list!
Hilarious story. A bunch of idiots wanted to run the stock. STMM was a total scam that had been taken down by the SEC in the late 90s and early aughts; the litigation lasted for a long time. One of the perps called a resident agent in Vegas and just told him he now controlled the company. He didn't give the RA a name; just said he was "Mike". He used a mail drop for an address, and paid through Western Union.
One of the people he named to the board was a very well-known British scientist, David Southwell. I wrote to him, asking if he was really involved with the company. As I'd suspected, he'd never even heard of it.
He finally managed to get Nevada to remove his name, but it took him six months. Eventually, the NVSOS cancelled the company's articles of incorporation, which I've never seen them do to any other company:
Officer Statement filed pursuant to NRS 225.084 correcting the record by cancelling the articles of incorporation and Initial List of Officers/Directors/License Exemption.
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