Texas Finance Code 122.251 – Defamation
Current as of: 2024 | Check for updates
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(a) A person commits an offense if the person knowingly:
(1) makes, circulates, or transmits to another person a false statement that is derogatory to the financial condition of a credit union with the intent to injure that credit union; or
(2) counsels, aids, procures, or induces another person to make, circulate, or transmit a false statement that is derogatory to the financial condition of a credit union with the intent to injure that credit union.
(b) An offense under this section is a third degree felony.
Attorney's Note
Under the Texas Codes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Third degree felony | between 2 and 10 years | up to $10,000 |
Terms Used In Texas Finance Code 122.251
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005