(a) A person commits the offense of receiving a deposit in a failing financial institution if, as an officer, manager, or other person participating in the direction of a financial institution, the person knowingly receives or permits the receipt of a deposit or other investment, knowing that the financial institution is insolvent, without disclosing the true financial condition of the financial institution.
(b) Receiving a deposit in a failing financial institution is a Class A misdemeanor.
Section: Previous 5-37-202 5-37-203 5-37-204 5-37-205 5-37-206 5-37-207 5-37-208 5-37-209 5-37-210 5-37-211 5-37-212 5-37-213 5-37-214 5-37-215 NextLast modified: November 15, 2016