Appropriation of Property and False Entries

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Savings and Loan Associations
  5. Prohibited Acts
  6. Appropriation of Property and False Entries

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It is a Class B misdemeanor for any officer, director, agent, or employee of an association to, directly or indirectly:

  1. Knowingly, or with intent to defraud, receive or possess any of its property otherwise than in payment of a just demand, and omit to make, or cause the omission of, a full and true entry thereof in the books and accounts of the association;
  2. Knowingly concur in the omission of any material entry in its books or accounts; or
  3. Knowingly cause to be published a false representation that the association is in a better financial condition than it actually is.


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