§ 5-17-31 — Penalties - Receipt of Property Other Than in Payment for Just Demand

Alabama § 5-17-31

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

Text

Any director, officer, committee member, or employee of a credit union who knowingly receives or possesses himself of any of its property otherwise than in payment for a just demand and with intent to defraud shall be guilty of a Class C felony.

Legislative History

(Acts 1989, No. 89-632, p. 1241, §5.)