WVC 31 C-
CHAPTER 31C. CREDIT UNIONS.
WVC 31 C- 12 -
ARTICLE 12. PENALTIES.
WVC 31 C- 12 - 1
§31C-12-1. Criminal liability.
Any credit union officer, director, employee or agent, who
willfully does any of the following shall be deemed guilty of a
felony and may, upon conviction thereof, be fined not more than ten
thousand dollars or imprisoned not less than one year nor more than
five years, or both:
(a) With intent to deceive, falsifies any books of account,
report, statement, record or other document of a credit union
whether by alteration, false entry, omission or otherwise;
(b) Signs, issues, publishes or transmits to a government
agency any book of account, report, statement, record or other
document which that person knows to be false;
(c) By means of deceit, obtains a signature to a writing which
is the subject of forgery;
(d) With intent to deceive, destroys any credit union book of
account, report, statement, record or other document.
WVC 31 C- 12 - 2
§31C-12-2. Penalty for false reports.
Whoever maliciously and knowingly spreads false reports about
the management or finances of any credit union shall be fined not
less than twenty-five dollars, nor more than two hundred dollars or
be imprisoned for not less than thirty days nor more than one year,
WVC 31 C- 12 - 3
§31C-12-3. Civil penalties.
Any person who violates this chapter, the rules issued
pursuant thereto, or any orders lawfully entered by the
commissioner or board of banking and financial institutions may be
subject to civil penalties in an action brought by the commissioner
or board in an amount not less than fifty dollars nor more than
five thousand dollars for each violation.
Note: WV Code updated with legislation passed through the 2013 1st Special Session
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