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U.S. Code as of:
01/19/04
Section 158. False or fraudulent statements prohibited; penalties
No stockholder, director, officer, employee, or agent of a China
Trade Act corporation shall make, issue, or publish any statement,
written or oral, or advertisement in any form, as to the value or
as to the facts affecting the value of stocks, bonds, or other
evidences of debt, or as to the financial condition or
transactions, or facts affecting such condition or transactions, of
such corporation if it has issued or is to issue stocks, bonds, or
other evidences of debt, whenever he knows or has reason to believe
that any material representation in such statement or advertisement
is false. No stockholder, director, officer, employee, or agent of
a China Trade Act corporation shall, if all the authorized capital
stock thereof has not been paid in, make, issue, or publish any
written statement or advertisement, in any form, stating the amount
of the authorized capital stock without also stating as the amount
actually paid in, a sum not greater than the amount paid in. Any
person violating any provisions of this section shall, upon
conviction thereof, be fined not more than $5,000 or imprisoned not
more than ten years, or both.
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