264 Criminal liability for false or misleading statement or information

(1)

A person who contravenes section 262 commits an offence if the person knows that the statement or information is false in a material aspect or is materially misleading.

(2)

A person who commits an offence under subsection (1) is liable on conviction,—

(a)

in the case of an individual, to imprisonment for a term not exceeding 5 years, a fine not exceeding $500,000, or both; and

(b)

in any other case, to a fine not exceeding $2.5 million.

Compare: 1988 No 234 s 11A