Any officer, agent or employee of any firm or corporation, or any other person who knowingly authorizes or assists in the publication, advertising, distribution or circulation of any false statement or representation concerning any subdivided land offered for sale or lease, and any person, firm or corporation who, with knowledge that any written statement relating to the subdivided land is false or fraudulent, issues, circulates, publishes or distributes it in this state, is guilty of a felony and shall be puinshed [punished] by imprisonment for not more than five years, or by a fine of not more than one hundred thousand dollars ($100,000), or both.
History: 1953 Comp., § 70-3-6, enacted by Laws 1963, ch. 217, § 6.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 77 Am. Jur. 2d Vendor and Purchaser § 2.
Validity, construction and application of statutes or ordinances directed against false or fraudulent statements in advertisements, 89 A.L.R. 1004.
What constitutes false, misleading or deceptive advertising or promotional practices subject to action by Federal Trade Commission, 65 A.L.R.2d 225, 34 A.L.R. Fed. 507.
35 C.J.S. False Pretenses §§ 30, 49; 37 C.J.S. Fraud § 154.