(a) A person may not willfully make, circulate, or send to another any untrue statement that is derogatory to the financial condition or affects the solvency or financial standing of any bank, trust company, or savings bank doing business in this State or counsel, aid, procure, or induce another to make, circulate, or send to another such a statement.
(b) Any person who violates any provision of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $1,000 or imprisonment not exceeding 3 years.
Structure Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Subtitle 8 - Prohibited Activities; Penalties
Section 5-801 - Removal of Director or Officer for Unsafe or Unsound Practices
Section 5-802 - Violations of Law
Section 5-804 - Acceptance of Deposits for Insolvent Institution
Section 5-805 - Derogatory Statements
Section 5-806 - Unauthorized Representation as Bank or Savings and Loan Association
Section 5-807 - Anticompetitive, Unfair, or Deceptive Practices
Section 5-808 - Cease and Desist Orders
Section 5-808.1 - Cease and Desist Orders -- Civil Penalty
Section 5-808.2 - Closed Hearing in Extraordinary Circumstances