It is a criminal offense if a trust company 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, and if such trust company or person has knowingly concealed or misstated material facts regarding the insolvency of the trust company from or to the banking board, commissioner, or division of banking.

Source: L. 2003: Entire article added with relocations, p. 1196, § 3, effective July 1. L. 2024: Entire section amended, (HB 24-1351), ch. 461, p. 3208, § 37, effective August 7.

Editor's note: This section is similar to former § 11-23-119.6 as it existed prior to 2003.