BlackletterCalifornia law

Financial Code § 14758

ARTICLE 8. Penalties

Current as of September 28, 2026Fin. Code, § 14758Official source ↗

Added by Stats. 1986, Ch. 673, Sec. 7.

Any director, officer, or employee of a credit union who makes or maintains, or attempts to make or maintain, a deposit of the credit union’s funds with any other person on the condition or with the understanding, whether express or implied, that the person receiving that deposit will make a loan or advance, directly or indirectly, to any director, officer, or employee of the credit union is guilty of a felony.