It is a criminal offense if a state bank receives any deposit while insolvent or an officer, director, or employee knows or, in the proper performance of the officer's, director's, or employee's duty, should know of such insolvency and receives or authorizes the receipt of such deposit or if such state bank or person has knowingly concealed or misstated material facts regarding the insolvency of the state bank from or to the banking board, commissioner, or division of banking.

Source: L. 2003: Entire article added with relocations, p. 1135, § 3, effective July 1. L. 2024: Entire section amended, (HB 24-1351), ch. 461, p. 3206, § 31, effective August 7.

Editor's note: This section is similar to former § 11-11-102 as it existed prior to 2003.