Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 2 - Financial Institutions And Securities > Chapter 38 - Building and Loan Associations -- Miscellaneous Provisions > Subchapter 4 - Prohibited Practices > § 23-38-404 - Circulation of false statements injurious to association.

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

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).