Marginal note:False prospectus, etc.
400 (1) Every one who makes, circulates or publishes a prospectus, a statement or an account, whether written or oral, that he knows is false in a material particular, with intent
(a) to induce persons, whether ascertained or not, to become shareholders or partners in a company,
(b) to deceive or defraud the members, shareholders or creditors, whether ascertained or not, of a company, or
(c) to induce any person to
(i) entrust or advance anything to a company, or
(ii) enter into any security for the benefit of a company,
(d) [Repealed, 1994, c. 44, s. 26]
is guilty of an indictable offence and liable to imprisonment for a term not exceeding ten years.
Marginal note:Definition of company
(2) In this section, company means a syndicate, body corporate or company, whether existing or proposed to be created.
- R.S., 1985, c. C-46, s. 400
- 1994, c. 44, s. 26
- Date modified: