California Financial Code

§ 14760

FIN § 14760Div. 5 · Ch. 4 · Art. 8

Statute text

(a)Every director of a credit union is guilty of a misdemeanor who:

(1)In case of the fraudulent insolvency of that credit union, has participated in the fraud; or

(2)Willfully does any act in his or her capacity as director which is expressly forbidden by law or willfully omits to perform any duty imposed upon him or her as such a director by law.

…

Legislative history

Added by Stats. 1986, Ch. 673, Sec. 9.