§ 5306. — 5306. (Added by Stats. 1990, Ch. 1118, Sec. 18.)

California § 5306.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 2.: DIVISION 2. SAVINGS ASSOCIATION LAW
• Ch. 1.: CHAPTER 1. Short Title, General Definitions, and General Provisions
• Art. 4.: ARTICLE 4. Penalties

Text

Any institution-affiliated party who knowingly executes, or attempts to execute, a scheme or artifice to defraud a savings association or to obtain any of the moneys, funds, credits, assets, securities or other property owned by or under the custody or control of a savings association by means of false or fraudulent pretenses, representations, or promises, shall be punished by a fine of not more than one million dollars ($1,000,000), by imprisonment in state prison for 2, 3, or 4 years, or by both that fine and imprisonment.

Legislative History

Added by Stats. 1990, Ch. 1118, Sec. 18.