§ 11-40-107 — Defamation of associations - penalty

Any person who willfully
makes, circulates, or transmits any false statement, rumor, report, or suggestion,
written, printed, or spoken, concerning the financial condition or management or
assets of any savings and loan association, either by name or as a particular group
of any particular city, town, or county, which incites the public or any person or
creates an impression detrimental to the standing, solvency, or responsibility of
said savings and loan association, or which tends to result or results in the
withdrawal of funds from such association or in the exchange of shares in savings
and loan associations for any other stock, bonds, notes, debentures, or other
evidences of indebtedness or for any other property of any kind or character
whatsoever, or which tends to result or results in impairing the confidence which
may be reposed in said association and any person aiding, advising, and abetting
such person in such matters and things commits a class 2 misdemeanor.

Legislative History

Source: L. 33: p. 352, � 3. CSA: C. 25, � 71. CRS 53: � 122-1-7. C.R.S. 1963: � 122-1-7. L. 2021: Entire section amended, (SB 21-271), ch. 462, p. 3150, � 122, effective March 1, 2022.