HARRY HUGHES, Governor

1155

OR ENTRY IN A FINANCIAL STATEMENT ON THE BOOKS OF THE
ASSOCIATION, WHICH CONTAINS A MATERIAL STATEMENT KNOWN TO BE
FALSE, UPON CONVICTION, IS PUNISHABLE BY A FINE NOT LESS THAN

$10,000 NOR MORE THAN $100,000 OR IMPRISONMENT IN THE

PENITENTIARY FOR NOT LESS THAN 1 YEAR OR MORE THAN 10 YEARS, OR
BOTH.

(2) FOR PURPOSES OF THIS SUBSECTION, "MATERIAL" MEANS
"SUBSTANTIAL AND IMPORTANT AS TO INFLUENCE A REASONABLE AND
PRUDENT BUSINESSMAN OR INVESTOR".

(C)  IN ADDITION TO ANY OTHER REMEDIES PROVIDED BY THIS
TITLE OR TITLE 8, THE WILLFUL DECLARING KNOWING DECLARATION OF A
DIVIDEND IN VIOLATION OF SECTION 9-324, UPON CONVICTION, IS
PUNISHABLE BY A FINE NOT LESS THAN $10,000 NOR MORE THAN
$100,000 OR IMPRISONMENT IN THE PENITENTIARY FOR NOT LESS THAN 1
YEAR OR MORE THAN 10 YEARS, OR BOTH.

(D)  ANY OFFICER, DIRECTOR, CONTROLLING PERSON, AGENT, OR
EMPLOYEE OF AN ASSOCIATION WHO MAKES A LOAN FOR HIS OWN USE AND
BENEFIT WITH AN ATTEMPT TO CONCEAL THAT FROM THE DIVISION OF
SAVINGS AND LOAN ASSOCIATIONS, UPON CONVICTION, SHALL BE FINED

NOT LESS THAN $10,000 NOR MORE THAN $100,000 OR IMPRISONED IN THE

PENITENTIARY FOR NOT LESS THAN 1 YEAR OR MORE THAN 10 YEARS, OR
BOTH.

(E)  ANY OFFICER, DIRECTOR, CONTROLLING PERSON, AGENT, OR
EMPLOYEE CONNECTED IN ANY CAPACITY WITH AN ASSOCIATION WHO MAKES
A FALSE STATEMENT TO AN EMPLOYEE OR AGENT OF THE DIVISION OF
SAVINGS AND LOAN ASSOCIATIONS WITH THE INTENT TO DECEIVE, UPON
CONVICTION, SHALL BE FINED NOT LESS THAN $10,000 NOR MORE THAN
$100,000 OR IMPRISONED IN THE PENITENTIARY FOR NOT LESS THAN 1
YEAR OR MORE THAN 10 YEARS, OR BOTH.

(F)  ANY PERSON WHO AIDS OR ABETS ANY OTHER PERSON IN THE
VIOLATION OF THE PROVISIONS OF THIS TITLE OR TITLE 9 8 AS
DESCRIBED IN SUBSECTIONS (B), (C), (D), AND (E) OF THIS SECTION,
UPON CONVICTION, SHALL BE FINED NOT MORE THAN $10,000, OR
IMPRISONED IN THE PENITENTIARY FOR NOT LESS MORE THAN 1 YEAR, OR
BOTH.

(G)  THE DIVISION DIRECTOR SHALL FURNISH TO THE ATTORNEY
GENERAL, OR THE PROPER PROSECUTING ATTORNEY, INFORMATION OBTAINED
BY THE DIVISION DIRECTOR EVIDENCING A VIOLATION OF THE LAWS
RELATING TO SAVINGS AND LOAN ASSOCIATIONS AND RELATED ENTITIES.

9-914. WITHDRAWING FUNDS FROM A FAILING INSTITUTION.

(A) PROHIBITION.

A CONTROLLING PERSON, OFFICER, OR DIRECTOR MAY NOT WITHDRAW
FUNDS OR CAUSE HIS FUNDS OR THOSE OF HIS IMMEDIATE FAMILY OR ANY
OTHER DEPOSITOR TO BE WITHDRAWN KNOWING THAT DUE TO FINANCIAL
DIFFICULTIES THE ASSOCIATION IS ABOUT TO SUSPEND OPERATIONS OR GO