Md. Code, Criminal Law § 8-402
Md. Code, Criminal Law § 8-402
in effect(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcr§ion=8-402&enactments=falseFetched: 10/16/2026