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California Financial Code

§ 1333

FIN § 1333 Effective Jan 1, 2012Div. 1.1 · Ch. 10 · Art. 1

Statute text

View on leginfo.ca.gov
(a)Every director of a bank in this state who does either of the following is guilty of a misdemeanor:
(1)In case of the fraudulent insolvency of such bank, the director participated in the fraud.
(2)Willfully does any act as the director that is expressly forbidden by law or willfully omits to perform any duty imposed by law upon him or her as the director.
…

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

Source: California Financial Code § 1333 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.