DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 4. Management and Operations 14400-14768›ARTICLE 8. Penalties 14750-14768
§ 14758
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Added by Stats. 1986, Ch. 673, Sec. 7.)
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