California Financial Code

§ 5306

FIN § 5306Div. 2 · Ch. 1 · Art. 4

Statute text

Any institution-affiliated party who knowingly executes, or attempts to execute, a scheme or artifice to defraud a savings association or to obtain any of the moneys, funds, credits, assets, securities or other property owned by or under the custody or control of a savings association by means of false or fraudulent pretenses, representations, or promises, shall be punished by a fine of not more than one million dollars ($1,000,000), by imprisonment in state prison for 2, 3, or 4 years, or by both that fine and imprisonment.

Legislative history

Added by Stats. 1990, Ch. 1118, Sec. 18.