California Financial Code

§ 1333

FIN § 1333 Effective Jan 1, 2012Div. 1.1 · Ch. 10 · Art. 1

Statute text

(a)Every director of a bank in this state who does either of the following is guilty of a misdemeanor:

(1)In case of the fraudulent insolvency of such bank, the director participated in the fraud.

(2)Willfully does any act as the director that is expressly forbidden by law or willfully omits to perform any duty imposed by law upon him or her as the director.

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Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.