§ 13-10-106 — Transactions exceeding liability limits; concealing or failing to report transactions

(a) Any officer, director or agent of a financial
institution who makes or delivers any guarantee or endorsement
on behalf of the financial institution whereby the financial
institution may become liable upon any of the financial
institution's discounted notes, bills or obligations in an
amount exceeding the amount of loans or discounts which the
financial institution may make under this act is guilty of a
misdemeanor punishable by a fine of not less than five hundred
dollars ($500.00) nor more than one thousand dollars
($1,000.00), imprisonment for not less than one (1) month nor
more than one (1) year, or both.
(b) Any director of a financial institution who concurs in
any vote or act of the board of directors or any director of the
financial institution whereby it is intended to make a loan or
discount to a director of the financial institution or upon an
instrument on which a director is liable, exceeding the amount
allowed under this act, is guilty of a misdemeanor punishable by
a fine of not less than five hundred dollars ($500.00) nor more
than one thousand dollars ($1,000.00), imprisonment for not less
than one (1) month nor more than one (1) year, or both.
(c) Any officer, director or employee of a financial
institution who intentionally conceals any discounts or loans,
purchases of securities or sale of financial institution
securities by the financial institution from the officers or
directors of the financial institution, or who knowingly fails
to report all discounts, loans or purchases of securities by the
financial institution to the board of directors when required to
do so by law, is guilty of a misdemeanor punishable by a fine of
not less than five hundred dollars ($500.00) nor more than one
thousand dollars ($1,000.00), imprisonment for not less than one
(1) month nor more than one (1) year, or both.