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Can you summarize TNCO 39-14-120?
Theft > Issuing false financial statement.
Short Summary
This provision, found in the Tennessee Code under the section for Offenses Against Property, specifically addresses the crime of issuing a false financial statement. It applies to any person who knowingly makes or utters a written instrument that inaccurately describes the financial condition or ability to pay, or represents in writing that such an instrument is accurate when it is materially inaccurate. The offense is considered a Class B misdemeanor. The purpose of this provision is to promote the integrity of business decisions by encouraging accurate financial statements. It does not require detrimental reliance for the offense to be committed.
Whom does it apply to?
Any person who knowingly makes or utters a written instrument which purports to describe the financial condition or ability of the person or some other person to pay, or represents in writing that a written instrument purporting to describe a person's financial condition or ability to pay is accurate
What does it govern?
Issuing false financial statement
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Class B misdemeanor
Jurisdiction
Tennessee