2010 Maryland Code
CRIMINAL LAW
TITLE 8 - FRAUD AND RELATED CRIMES
Subtitle 4 - Other Commercial Fraud
Section 8-402 - Fraudulent misrepresentation by corporate officer or agent.

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

(a)  Prohibited.- 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. 

(b)  Penalty.- 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. 

(c)  Statute of limitations and in banc review.- A person who violates this section is subject to § 5-106(b) of the Courts Article. 
 

[An. Code 1957, art. 27, § 174; 2002, ch. 26, § 2.]   

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