§ 158. — False or fraudulent statements prohibited; penalties.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC158]
TITLE 15--COMMERCE AND TRADE
CHAPTER 4--CHINA TRADE
Sec. 158. False or fraudulent statements prohibited; penalties
No stockholder, director, officer, employee, or agent of a China
Trade Act corporation shall make, issue, or publish any statement,
written or oral, or advertisement in any form, as to the value or as to
the facts affecting the value of stocks, bonds, or other evidences of
debt, or as to the financial condition or transactions, or facts
affecting such condition or transactions, of such corporation if it has
issued or is to issue stocks, bonds, or other evidences of debt,
whenever he knows or has reason to believe that any material
representation in such statement or advertisement is false. No
stockholder, director, officer, employee, or agent of a China Trade Act
corporation shall, if all the authorized capital stock thereof has not
been paid in, make, issue, or publish any written statement or
advertisement, in any form, stating the amount of the authorized capital
stock without also stating as the amount actually paid in, a sum not
greater than the amount paid in. Any person violating any provisions of
this section shall, upon conviction thereof, be fined not more than
$5,000 or imprisoned not more than ten years, or both.
(Sept. 19, 1922, ch. 346, Sec. 18, 42 Stat. 855.)
