Section 671. False statements or rumors as to banking institutions  


Latest version.
  • Any
      person who wilfully and knowingly  makes,  circulates  or  transmits  to
      another or others any statement or rumor, written, printed or by word of
      mouth,  which  is  untrue  in  fact  and  is  directly  or  by inference
      derogatory to  the  financial  condition  or  effects  the  solvency  or
      financial  standing  of  any bank, private banker, savings bank, banking
      association, building  and  loan  association  or  trust  company  doing
      business  in  this  state,  or who knowingly counsels, aids, procures or
      induces another to start, transmit or circulate any  such  statement  or
      rumor, is guilty of a misdemeanor.