California · Corporations Code
CORP §22001: Every director, officer, or agent of any joint stock association is guilty of a felony who knowingly concurs in making, publishing, or posting either generally or privately to the stockholders or othe
What this law says, in plain English
Directors, officers, or agents of joint stock associations who knowingly make, publish, or post false or fraudulently exaggerated financial statements or reports intended to misrepresent stock value are guilty of a felony.
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