TITLE 39
Public Utilities and Carriers

CHAPTER 39-3
Regulatory Powers of Administration

SECTION 39-3-21


§ 39-3-21 Penalty for false statements.

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

History of Section.
(G.L. 1923, ch. 253, § 62; P.L. 1936, ch. 2345, § 1; G.L. 1938, ch. 122, § 58; impl. am. P.L. 1956, ch. 3721, § 1; G.L. 1956, § 39-3-21.)