32-3-1001. and 32-3-1002 reserved

32-3-1001 and 32-3-1002 reserved.

32-3-1003. Penalty for false statements or entries to books and records

32-3-1003. Penalty for false statements or entries to books and records. (1) The department of administration may impose a fine not exceeding $50,000 on a director, an executive officer, an agent, or an employee of a credit union who willfully and knowingly: (a) makes or subscribes a false statement of facts, statement of account, or report; or […]

32-3-1004. Penalty for fraud by director, executive officer, agent, or employee

32-3-1004. Penalty for fraud by director, executive officer, agent, or employee. (1) The department of administration may impose the penalty described in subsection (2) if a director, an executive officer, an agent, or an employee of a credit union: (a) (i) knowingly receives or takes possession of any credit union property, except in payment for a just demand; […]

32-3-1005. Theft of funds

32-3-1005. Theft of funds. (1) The following conditions are considered theft for which the offender, upon conviction, is to be imprisoned in a state correctional facility for a term not exceeding 20 years and fined by the department of administration an amount not to exceed $50,000: (a) fraudulent appropriation, misapplication, or theft of the money, funds, credits, […]

32-3-1006. and 32-3-1007 reserved

32-3-1006 and 32-3-1007 reserved.

32-3-1008. Concealing actions from directors

32-3-1008. Concealing actions from directors. (1) An officer or employee of a credit union who intentionally conceals from the directors or a committee of the directors any of the actions under subsection (2) may be charged with a misdemeanor, and upon being found guilty or pleading guilty is subject for each offense to a term of […]

32-3-1009. False statement to obtain or extend loan

32-3-1009. False statement to obtain or extend loan. An individual may be fined by the department of administration not more than $1,000 for each false statement made: (1) to obtain for the individual or for another person, a firm, a corporation, or an association a loan of money from a credit union; (2) to gain an extension of […]

32-3-1010. through 32-3-1012 reserved

32-3-1010 through 32-3-1012 reserved.

32-3-1013. Removal of directors, officers, employees — hearing

32-3-1013. Removal of directors, officers, employees — hearing. (1) A director, an officer, or an employee of a credit union who is found by the department of administration, after examination, to be negligent, dishonest, reckless, or incompetent or to have violated the provisions of this part must be removed from office by the supervisory committee of […]