Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter17. CREDIT UNIONS. |
Article1. General Provisions. |
§5-17-31. Penalties - Receipt of property other than in payment for just demand.
Latest version.
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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.