§ 39-3-21 - Penalty for false statements.
SECTION 39-3-21
§ 39-3-21 Penalty for false statements.– Any director, president, secretary, manager, officer or other official of anypublic utility who shall knowingly make any false statement to secure the issueof any stock, bond, note, or other evidence of indebtedness, or who shall, bysuch false statement, procure the order of the division for the issue of anystock, bond, note, or other evidence of indebtedness, or issue with knowledgeof fraud, negotiate, or cause to be negotiated any stock, bond, or otherevidences of indebtedness in violation of §§ 39-3-15 – 39-3-23shall, upon conviction thereof, be fined not less than five hundred dollars($500), or be imprisoned in the adult correctional institutions for not lessthan one year nor more than ten (10) years.