California · Financial Code
FIN §14755: Any director, officer, agent, or employee of any credit union who knowingly receives or possesses the credit union’s property otherwise than in payment of a just demand with intent to defraud, omits t
What this law says, in plain English
A credit union director, officer, agent, or employee who knowingly takes the credit union's property with intent to defraud or fails to record it truthfully in the books commits a felony.
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