Maryland · Maryland Code — Criminal Law Article
Md. Code, Crim. Law § 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 marke
What this law says, in plain English
A corporate officer or agent cannot sign or agree to false statements about the corporation's finances intended to defraud the public or shareholders. Violation is a misdemeanor punishable by 6 months to 3 years imprisonment, a fine of $1,000 to $10,000, or both.
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