76-16-211. Unlawful circulation of a corporate or association note.
(1) Terms defined in Sections,, andapply to this section. 76-1-101.5 76-16-101 76-16-201
(2) An actor commits unlawful circulation of a corporation or association note if the actor: is: a director, officer, agent, or member of a corporation or association; or a person who aids or abets a person described in Subsection (2)(a)(i); and without the authority from a corporation's or association's directors, issues or puts in circulation a note of the corporation or association.
(3) A violation of Subsectionis a third degree felony. (2)