It is a criminal offense for a state bank to pay a fine, or penalty imposed by law upon any other person, or any judgment against such person, or to reimburse directly or indirectly any person by whom such fine, penalty, or judgment has been paid, except in settlement of its own liability or in connection with the acquisition of property against which such judgment is a lien or as provided in section 11-103-602.
Source: L. 2003: Entire article added with relocations, p. 1136, § 3, effective July 1.
Editor's note: This section is similar to former § 11-11-106 as it existed prior to 2003. 11-107-107. Embezzlement or misapplication of funds. It is a criminal offense for any officer, director, shareholder, or employee of any bank to directly or indirectly embezzle, abstract, or misapply, or cause to be embezzled, abstracted, or misapplied, any of the funds or securities or other property of or under the control of the bank with intent to deceive, injure, cheat, wrong, or defraud any person.
Source: L. 2003: Entire article added with relocations, p. 1136, § 3, effective July 1.
Editor's note: This section is similar to former § 11-11-107 as it existed prior to 2003.