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Chapter 31 C     Entire Code
‹ Chapter 31B  |  Chapter 31D › Printer Friendly Versions
Chapter 31C  |  Article 31C - 12
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, or both.

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 2014 1st Special Session
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