California Financial Code

§ 14758

FIN § 14758Div. 5 · Ch. 4 · Art. 8

Statute text

Any director, officer, or employee of a credit union who makes or maintains, or attempts to make or maintain, a deposit of the credit union’s funds with any other person on the condition or with the understanding, whether express or implied, that the person receiving that deposit will make a loan or advance, directly or indirectly, to any director, officer, or employee of the credit union is guilty of a felony.

Legislative history

Added by Stats. 1986, Ch. 673, Sec. 7.