13-2207. Receiving deposits in an insolvent financial institution; classification
A. A person commits receiving deposits in an insolvent financial institution if, as an officer, manager or other person participating in the direction of a financial institution, such person receives or permits the receipt of a deposit, premium payment or investment in the institution in excess of the amount insured by the federal deposit insurance corporation, the federal savings and loan insurance corporation or the national credit union administration knowing that the institution is insolvent.
B. It is a defense to prosecution under this section that the person making the deposit, premium payment or investment was fully informed of the financial condition of the institution.
C. Receiving deposits in an insolvent financial institution is a class 5 felony.
Section: Previous 13-2110 13-2201 13-2202 13-2203 13-2204 13-2205 13-2206 13-2207 13-2208 13-2301 13-2302 13-2303 13-2304 13-2305 13-2306 NextLast modified: October 13, 2016