Alabama Statutes

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

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

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Legislative History

(Acts 1989, No. 89-632, p. 1241, §5.)

Nearby Sections

15
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