32-3-1003. Penalty for false statements or entries to books and records. (1) The department of administration may impose a fine not exceeding $50,000 on a director, an executive officer, an agent, or an employee of a credit union who willfully and knowingly:
(a) makes or subscribes a false statement of facts, statement of account, or report; or
(b) makes a false entry in the books of the credit union or knowingly subscribes or exhibits false papers with the intent to deceive a person authorized to examine the credit union.
(2) The fines must be deposited in the general fund.
History: En. Sec. 1, Ch. 480, L. 2019.
Structure Montana Code Annotated
Title 32. Financial Institutions
32-3-1001. and 32-3-1002 reserved
32-3-1003. Penalty for false statements or entries to books and records
32-3-1004. Penalty for fraud by director, executive officer, agent, or employee
32-3-1006. and 32-3-1007 reserved
32-3-1008. Concealing actions from directors
32-3-1009. False statement to obtain or extend loan
32-3-1010. through 32-3-1012 reserved
32-3-1013. Removal of directors, officers, employees -- hearing