Texas Finance Code
§ 62.561 — CRIMINAL PENALTY
FI § 62.561Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. L. CHANGE OF CONTROL OF ASSOCIATION
Statute text
View on source(a)A person commits an offense if the person intentionally makes a materially false or misleading statement to the commissioner with respect to the information required by this subchapter.
(b)An offense under this section is a misdemeanor punishable by:
(1)a fine in an amount not to exceed $2,000;
(2)confinement in county jail for a period not to exceed one year; or
(3)both the fine and confinement.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.