§ 8-402
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/md/criminal-law/8-402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–402.
(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.
(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.
(c)A person who violates this section is subject to § 5-106(b) of the Courts Article.