# Criminal Law (GCR)

## Title 8. Fraud and Related Crimes

### Subtitle 4. Other Commercial Fraud

#### Section 8-402

(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 Sec. 5-106(b) of the Courts Article.

---

Md. Code Ann., Crim. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)