Sec. 122.251. DEFAMATION. (a) A person commits an offense if the person knowingly:
(1) makes, circulates, or transmits to another person a false statement that is derogatory to the financial condition of a credit union with the intent to injure that credit union; or
(2) counsels, aids, procures, or induces another person to make, circulate, or transmit a false statement that is derogatory to the financial condition of a credit union with the intent to injure that credit union.
(b) An offense under this section is a third degree felony.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 122 - Organizational and Financial Requirements
Subchapter F. Misconduct and Enforcement
Section 122.252. Consideration for Loan, Investment, or Purchase
Section 122.253. Loan to Nonmember
Section 122.254. False Statements or Documents; Destruction of Records
Section 122.255. Determination of Misconduct
Section 122.256. Determination Letter; Board Meeting
Section 122.257. Cease and Desist Order for Credit Unions
Section 122.2575. Cease and Desist Order for Other Persons
Section 122.258. Removal Order
Section 122.259. Hearing on Appeal of Proposed Order