Home Table of Contents

§ 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
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 all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document