Sec. 33-1333. Corporate officers required to certify financial statements. Penalties.
Sec. 33-1333. Corporate officers required to certify financial statements. Penalties. (a) Each officer of a corporation organized under the laws of this state or authorized to transact business in this state who is subject to the requirements of 18 USC 1350
shall certify, in the manner set forth in said section and the rules and regulations adopted
under said section by the United States Securities and Exchange Commission, and as
from time to time amended, that the financial statements of the corporation fairly present,
in all material respects, the financial condition and results of operations of the corporation.
(b) (1) Any chief executive officer or chief financial officer under subsection (a)
of this section who certifies a financial statement of the corporation knowing that the
statement does not fairly represent, in all material respects, the financial condition and
results of operations of the corporation shall be fined not more than one million dollars
or imprisoned not more than ten years, or both.
(2) Any chief executive officer or chief financial officer under subsection (a) of this
section who wilfully certifies a financial statement of the corporation knowing that the
statement does not fairly represent, in all material respects, the financial condition and
results of operations of the corporation shall be fined not more than five million dollars
or imprisoned not more than twenty years, or both.
(P.A. 03-259, S. 36.)