32-3-1003. Penalty for false statements or entries to books and records.
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32-3-1003 . Penalty for false statements or entries to books and records.
(1)The department of administration may impose a fine not exceeding $50,000 on a director, an executive officer, an agent, or an employee of a credit union who willfully and knowingly:
(a)makes or subscribes a false statement of facts, statement of account, or report; or
(b)makes a false entry in the books of the credit union or knowingly subscribes or exhibits false papers with the intent to deceive a person authorized to examine the credit union.
(2)The fines must be deposited in the general fund.