California · Insurance Code

INS §11162: It is a felony, punishable by imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code, for any officer, director, agent or employee of any fraternal benefit society to, directly or

Felony

What this law says, in plain English

Officers, directors, agents, or employees of fraternal benefit societies commit a felony by borrowing society funds, endorsing loans, or becoming obligated for society borrowing.

Read the full statutory text

It is a felony, punishable by imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code, for any officer, director, agent or employee of any fraternal benefit society to, directly or indirectly, for himself or as partner or agent of others: (a) Borrow any of the funds of such society. (b) Become endorser or surety for loans by the society to others. (c) In any manner be obligor for moneys borrowed or loaned by such society.

Verify at the official source: California legislative text

Facing this? Know exactly what happens next.

MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.

Start your matter free Ask Law Link about this code

This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.