2C:21-14. Receiving deposits in a failing financial institution
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/nj/title-2c/chapter-21/2c-21-14A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.