Section 122.251 - Defamation(a) A person commits an offense if the person knowingly: (1) makes, circulates, or transmits to another person a false statement that is derogatory to the financial condition of a credit union with the intent to injure that credit union; or(2) counsels, aids, procures, or induces another person to make, circulate, or transmit a false statement that is derogatory to the financial condition of a credit union with the intent to injure that credit union.(b) An offense under this section is a third degree felony. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.