California · Corporations Code
CORP §2254: Every director, officer or agent of any corporation, domestic or foreign, is guilty of a felony (a) who knowingly concurs in making, publishing or posting either generally or privately to the sharehol
What this law says, in plain English
Corporate directors, officers, or agents who knowingly make or publish false statements about a corporation's financial condition or value to shareholders, or who refuse to maintain required records, are guilty of a felony.
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