17-5812. Fraudulent acts; civil liability; felony.
17-5812
17-5812. Fraudulent acts; civil liability; felony.
Any officer, director, trustee, attorney, agent or servant of any
association heretofore or hereafter to be incorporated who shall use or
dispose of any part of the moneys, property, assets or funds of such
association, or assign, transfer, cancel, deliver up or acknowledge
satisfaction of any bond, mortgage or other written instrument belonging to
such association, unless duly authorized or otherwise than in the regular
and legitimate business of the association, or who shall be guilty of any
fraud in the performance of duties, shall be liable civilly to the
association, and also to any other party injured, to the extent of the
damage thereby caused, and shall also be guilty of a felony, and upon
conviction thereof shall be imprisoned in the
custody of the secretary of corrections for not less
than one nor more than five years.
History: L. 1943, ch. 133, § 215;
L. 1990, ch. 309, § 8; May 24.