Maryland Statutes
Subtitle 4 - Other Commercial Fraud
Section 8-402 - Fraudulent Misrepresentation by Corporate Officer or Agent

(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.

Structure Maryland Statutes