2C:21-14 - Receiving deposits in a failing financial institution
2C:21-14.Ā Receiving deposits in a failing financial institution
An officer, manager or other person directing or participating in the direction of a financial institution commits a crime of the fourth degree if heĀ receives or permits the receipt of a deposit, premium payment or other investment in the institution knowing that:
a.Ā Due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization;Ā and
b.Ā The person making the deposit or other payment is unaware of the precarious situation of the institution.
L.1978, c. 95, s. 2C:21-14, eff. Sept. 1, 1979.
Ā
An officer, manager or other person directing or participating in the direction of a financial institution commits a crime of the fourth degree if heĀ receives or permits the receipt of a deposit, premium payment or other investment in the institution knowing that:
a.Ā Due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization;Ā and
b.Ā The person making the deposit or other payment is unaware of the precarious situation of the institution.
L.1978, c. 95, s. 2C:21-14, eff. Sept. 1, 1979.
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