Arkansas Statutes
§ 5-37-206 — Receiving a deposit in a failing financial institution
Arkansas·Title 5
(a)A person commits the offense of receiving a deposit in a failing financial institution if, as an officer, manager, or other person participating in the direction of a financial institution, the person knowingly receives or permits the receipt of a deposit or other investment, knowing that the financial institution is insolvent, without disclosing the true financial condition of the financial institution.
(b)Receiving a deposit in a failing financial institution is a Class A misdemeanor.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 5-37-206 (Receiving a deposit in a failing financial institution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1975, No. 280, § 2307; A.S.A. 1947, § 41-2307.
Nearby Sections
15
§ 5-1-101
Title§ 5-1-102
Definitions§ 5-1-103
Applicability to offenses generally§ 5-1-104
Territorial applicability§ 5-1-106
Felonies§ 5-1-107
Misdemeanors§ 5-1-108
Violations§ 5-1-109
Statute of limitations