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§ 8-402. Fraudulent misrepresentation by corporate officer or agent

West's Annotated Code of MarylandCriminal Law

West's Annotated Code of Maryland
Criminal Law (Refs & Annos)
Title 8. Fraud and Related Crimes
Subtitle 4. Other Commercial Fraud
MD Code, Criminal Law, § 8-402
Formerly cited as MD CODE Art. 27, § 174
§ 8-402. Fraudulent misrepresentation by corporate officer or agent
Currentness
Prohibited
(a) With intent to defraud, an officer or agent of a corporation may not sign, or in any manner assent to, a statement to or a publication for the public or the shareholders that contains false representations of the corporation's assets, liabilities, or affairs, to:
(1) enhance or depress the market value of the corporation's shares or obligations; or
(2) commit fraud in another manner.
Penalty
(b) A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not less than 6 months and not exceeding 3 years or a fine not less than $1,000 and not exceeding $10,000 or both.
Statute of limitations and in banc review
(c) A person who violates this section is subject to § 5-106(b) of the Courts Article.

Credits

Added by Acts 2002, c. 26, § 2, eff. Oct. 1, 2002.
Formerly Art. 27, § 174.
MD Code, Criminal Law, § 8-402, MD CRIM LAW § 8-402
Current with legislation effective through October 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document