§ 8–402
Statutes in effect as of October 1, 2026.
Md. Code Ann., Crim. Law § 8-402 (2026)
Title 8. Fraud and Related Crimes
Subtitle 4. Other Commercial Fraud
§ 8–402LinkCopy Citation
(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.