17-5811.   Accepting payments when capital impaired; felony.No association shall accept or receive payments upon shares when thereis an impairment of capital, and any officer, director or employee whoshall knowingly violate the provisions of this section or be accessory toor permit or connive at the receiving or accepting payments on such shares,shall be guilty of a felony, and upon conviction thereof shall be punishedby imprisonment in the custody of the secretary ofcorrections not less than one year nor morethan five years. The word "share" as used in this section shall notinclude guarantee shares or stock.

      History:   L. 1943, ch. 133, § 214; L. 1955, ch. 141, § 11;L. 1990, ch. 309, § 7; May 24.