False or deceptive financial statements: Criminal penalty; liability for damages; removal from office. Every president, director, manager, cashier or other officer or employee of any bank who knowingly prepares, signs, approves or concurs in any account, statement, return, report or document respecting the affairs of the bank, containing any false or deceptive statement, or any return or report required by this title which does not set forth the true financial condition of the bank, including in the report or return all the information required by the provisions of this title, is:
1. Guilty of a category D felony and shall be punished as provided in NRS 193.130.
2. Liable for all damages which the bank, its stockholders, creditors or depositors suffer in consequence thereof, and is subject to removal upon order of the Commissioner.
Last modified: February 26, 2006