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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 158 False or fraudulent statements prohibited; penalties us united_states_code code_section 15 COMMERCE AND TRADE 4 CHINA TRADE 158 15 U.S.C. § 158 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s158 data/legal/raw/us/code/title-15/usc15.xml cb73d4a55b9ce4b2ec1023d2c0d8804489e63188459050ad4bd10aaacae86557 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 f6c416b97e0702c63ba4ffe5ce62182346f3eea2aa891b1020628e7daacbf757 2026-07-04 official
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15 U.S.C. § 158 - False or fraudulent statements prohibited; penalties

Text

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, § 18, 42 Stat. 855.)