32-3-1005. Theft of funds. (1) The following conditions are considered theft for which the offender, upon conviction, is to be imprisoned in a state correctional facility for a term not exceeding 20 years and fined by the department of administration an amount not to exceed $50,000:
(a) fraudulent appropriation, misapplication, or theft of the money, funds, credits, or property of a credit union, whether owned by the credit union or held in trust;
(b) fraudulent issuance or putting forth of a share certificate;
(c) fraudulent drawing of an order or bill of exchange;
(d) fraudulent acceptance or assignment of a note, bond, draft, bill of exchange, mortgage, judgment, or decree with intent to injure or defraud the credit union; or
(e) fraudulent attempt to deceive an officer of the credit union or anyone appointed to examine the affairs of the credit union.
(2) This section applies to a credit union director, officer, or employee or any person who with like intent aids or abets any individual listed under this subsection (2) in the actions listed in subsection (1).
History: En. Sec. 3, 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