Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 4 - Cooperative Associations, 53-4-1 through 53-4-45. > Section 53-4-39 - Spreading false reports; penalty.

Section 53-4-39 - Spreading false reports; penalty.

53-4-39. Spreading false reports; penalty.

Any person, firm, corporation or association which maliciously and knowingly spreads false reports about the management or finances of any association shall be guilty of a misdemeanor and be subject to a fine of not less than one hundred dollars ($100.00) and not more than five hundred dollars ($500.00) for each such offense.