122.251 – DEFAMATION. (a) A person commits an offense if
Texas Finance Code § 122.251
Summary
This law prohibits individuals from knowingly spreading false statements that harm a credit union's financial reputation. It applies to anyone who makes or assists in disseminating such statements with the intent to cause injury to the credit union.
Prohibits false statements about a credit union's financial condition.
Applies to both direct and indirect actions to spread falsehoods.
Intent to injure the credit union is a key element of the offense.
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In simple terms: Learn about Texas's DEFAMATION. (a) A person commits an offense if law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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