2C:21-14 - Receiving deposits in a failing financial institution - New-jersey Statutes

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Statutes > New-jersey > Title-2c > Section-2c-21 > 2c-21-14

2C:21-14. 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 he receives or permits the receipt of a deposit, premium payment or other investment in the institution knowing that:

    a. Due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization; and

    b. 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.

State Codes and Statutes

Statutes > New-jersey > Title-2c > Section-2c-21 > 2c-21-14

2C:21-14. 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 he receives or permits the receipt of a deposit, premium payment or other investment in the institution knowing that:

    a. Due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization; and

    b. 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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State Codes and Statutes

Statutes > New-jersey > Title-2c > Section-2c-21 > 2c-21-14

2C:21-14. 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 he receives or permits the receipt of a deposit, premium payment or other investment in the institution knowing that:

    a. Due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization; and

    b. 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.