32-3-1005. Theft of funds.
179 words·~1 min read·
/mt/title-32/chapter-3/part-10/32-3-1005·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-3-1005 . Theft of funds.
(1)The following conditions are considered theft for which the offender, upon conviction, is to be imprisoned in a state correctional facility for a term not exceeding 20 years and fined by the department of administration an amount not to exceed $50,000:
(a)fraudulent appropriation, misapplication, or theft of the money, funds, credits, or property of a credit union, whether owned by the credit union or held in trust;
(b)fraudulent issuance or putting forth of a share certificate;
(c)fraudulent drawing of an order or bill of exchange;
(d)fraudulent acceptance or assignment of a note, bond, draft, bill of exchange, mortgage, judgment, or decree with intent to injure or defraud the credit union; or
(e)fraudulent attempt to deceive an officer of the credit union or anyone appointed to examine the affairs of the credit union.
(2)This section applies to a credit union director, officer, or employee or any person who with like intent aids or abets any individual listed under this subsection
(2)in the actions listed in subsection (1).