Legislation
SECTION 73
Misdemeanor to spread false reports about the finances or management thereof
Cooperative Corporations (CCO) CHAPTER 77, ARTICLE 5
§ 73. Misdemeanor to spread false reports about the finances or
management thereof. Any person who maliciously and knowingly spreads
false reports about the finances or management or activity of any
cooperative corporation incorporated under or subject to this chapter or
organized under a similar statute of another state, and operating in
this state under due authority, shall be guilty of a misdemeanor and be
subject to a fine of not less than one hundred dollars and not more than
one thousand dollars for each such offense; and shall be liable to the
corporation aggrieved in a civil suit in the penal sum of five hundred
dollars for each such offense.
management thereof. Any person who maliciously and knowingly spreads
false reports about the finances or management or activity of any
cooperative corporation incorporated under or subject to this chapter or
organized under a similar statute of another state, and operating in
this state under due authority, shall be guilty of a misdemeanor and be
subject to a fine of not less than one hundred dollars and not more than
one thousand dollars for each such offense; and shall be liable to the
corporation aggrieved in a civil suit in the penal sum of five hundred
dollars for each such offense.