Section 10-2B-8.32 Depreciating stocks or bonds of corporation with intent to buy. - Alabama Statutes

Section 10-2B-8.32

Depreciating stocks or bonds of corporation with intent to buy.

No president, director, or managing officer of any corporation, by whatsoever name or title he or she may be known or called, shall do or omit to do any act, or shall make any declaration or statement in writing, or otherwise, with the intent to depreciate the market value of the stock or bonds of such corporation, and with the further intent to enable such president, director, or other managing officer, or any other person, to buy any such stock or bonds at less than the real value thereof.

(Acts 1994, No. 94-245, p. 343, §1.)