State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-132

§53‑132.  Receiving deposits in insolvent banks.

Any person, being an officeror employee of a bank, who receives, or being an officer thereof, permits anemployee to receive money, checks, drafts, or other property as a deposittherein when he has knowledge that such bank is insolvent, shall be guilty of aClass I felony which may include a fine not more than five thousand dollars($5,000).  Provided, that in any indictment hereunder, insolvency shall not bedeemed to include insolvency as defined under paragraph d of subdivision (3) inthe definition of insolvency under G.S. 53‑1. (1921, c. 4, s. 85; C.S., s.224(g); 1927, c. 47, s. 17; 1993, c. 539, s. 1269; 1994, Ex. Sess., c. 24, s.14(c).)