§ 5-17-29 — Penalties - Concealment of Discounts or Loans

Alabama § 5-17-29

• Jurisdiction: Alabama
• Title 5: Banks and Financial Institutions
• Ch. 17: Credit Unions
• Art. 1: General Provisions

Text

Any officer, director, employee, or committee member of a credit union who intentionally conceals from the directors or a committee of such credit union any discount or loan made for and in behalf of the credit union between the regular meetings of its board of directors or credit committee is guilty of a Class C misdemeanor.

Legislative History

(Acts 1989, No. 89-632, p. 1241, §3.)