(a) A person commits the offense of receiving a deposit in a failing financial institution if, as an officer, manager, or other person participating in the direction of a financial institution, the person knowingly receives or permits the receipt of a deposit or other investment, knowing that the financial institution is insolvent, without disclosing the true financial condition of the financial institution.
(b) Receiving a deposit in a failing financial institution is a Class A misdemeanor.
Structure Arkansas Code
Subtitle 4 - Offenses Against Property
Chapter 37 - Forgery and Fraudulent Practices
Subchapter 2 - Offenses Generally
§ 5-37-202. Falsifying a business record
§ 5-37-203. Defrauding a secured creditor
§ 5-37-204. Fraud in insolvency
§ 5-37-205. Issuing a false financial statement
§ 5-37-206. Receiving a deposit in a failing financial institution
§ 5-37-207. Fraudulent use of a credit card or debit card
§ 5-37-208. Criminal impersonation
§ 5-37-209. Criminal possession of a forgery device
§ 5-37-210. Obtaining a signature by deception
§ 5-37-211. Defrauding a judgment creditor
§ 5-37-212. Unlawfully using a slug
§ 5-37-213. Criminal simulation
§ 5-37-214. Fraud — Aggregation of amounts
§ 5-37-215. Fraudulently filing a Uniform Commercial Code financing statement
§ 5-37-216. Defrauding a prospective adoptive parent
§ 5-37-219. Unlawful possession of a skimmer
§ 5-37-226. Filing instruments affecting title or interest in real property
§ 5-37-227. Financial identity fraud — Nonfinancial identity fraud — Restitution — Venue