Section 1163.25. Prohibiting false statements

Latest version.

(A) As used in this section, "false statement" includes any untrue statement or rumor, produced in any manner, that does any of the following:
(1) Is directly or by inference derogatory to the financial condition of a savings bank;
(2) Affects the solvency or financial standing of a savings bank;
(3) Is calculated to injure the reputation or business of a savings bank.

(B) No person shall knowingly make, circulate, send, cause, aid, procure, or permit to be made, circulated, or sent any false statement about a savings bank.
(C) Whoever violates division (B) of this section is guilty of a misdemeanor of the first degree.

Effective Date: 10-23-1991

                    
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