§ 50506
76 words·~1 min read·
/ca/financial-code/50506A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any director, officer, partner, trustee, or employee of a licensee, its holding company, or its affiliates who knowingly receives or appropriates any of the licensee’s property, other than in payment of a just demand or with intent to defraud, or who omits to make or causes an omission to be made in the full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof, violates this division.