§ 23-38-404 - Circulation of false statements injurious to association. - Arkansas Statutes

23-38-404. Circulation of false statements injurious to association.

Any person who shall knowingly make, utter, or circulate any statement untrue in fact and derogatory to the financial condition of any building and loan association in this state with the purpose to injure the association shall be guilty of a violation and upon conviction shall be punished by a fine of not more than five hundred dollars ($500).