H.B. 590

VETOES

(2)      IN TESTIFYING AS A WITNESS IN A CRIMINAL PROCEEDING; OR

(3)      IN INFORMING ANY DIRECTOR OR AUTHORIZED OFFICER,

EMPLOYEE, OR AGENT OF A CREDIT UNION UNDER EXAMINATION OF THE RESULTS
OF THAT EXAMINATION.

(C)     THE COMMISSIONER MAY GIVE THE CREDIT UNION INSURANCE
CORPORATION OR THE NATIONAL CREDIT UNION ADMINISTRATION SHARE
INSURANCE PROGRAM INFORMATION ABOUT A CREDIT UNION IF:

(1)      THE CREDIT UNION IS INSURED BY THE CREDIT UNION INSURANCE
CORPORATION OR THE NATIONAL CREDIT UNION ADMINISTRATION SHARE
INSURANCE PROGRAM; OR

(2)      THE CREDIT UNION:

(I)      IS APPLYING FOR INSURANCE FROM THE CREDIT UNION
INSURANCE CORPORATION OR THE NATIONAL CREDIT UNION ADMINISTRATION
SHARE INSURANCE PROGRAM; AND

(II)     REQUESTS THE COMMISSIONER TO PROVIDE THE
INFORMATION.

(D)     EXCEPT AS OTHERWISE PROVIDED BY LAW. ALL CONFIDENTIAL
INFORMATION DISCLOSED TO ANY PERSON AS PERMITTED UNDER THIS SECTION:

(1) REMAINS THE PROPERTY OF THE COMMISSIONER; AND

(2) MAY NOT BE FURTHER DISCLOSED BY THAT PERSON WITHOUT THE
WRITTEN PERMISSION OF THE COMMISSIONER.

(D) (E) A PERSON THAT VIOLATES ANY PROVISION OF THIS SECTION IS
GUILTY OF A MISDEMEANOR AND ON CONVICTION IS SUBJECT TO:

(1)      FORFEITURE OF THE PERSON'S OFFICE OR EMPLOYMENT; AND

(2)      A FINE NOT EXCEEDING $1,000 OR IMPRISONMENT NOT EXCEEDING
2 YEARS OR BOTH.

6-310.

(A)     A PERSON MAY NOT WILLFULLY MAKE, CIRCULATE, OR SEND TO
ANOTHER PERSON ANY UNTRUE STATEMENT THAT IS DEROGATORY TO THE
FINANCIAL CONDITION OR THAT AFFECTS THE SOLVENCY OR FINANCIAL STANDING
OF ANY CREDIT UNION DOING BUSINESS IN THE STATE, OR COUNSEL, AID,
PROCURE, OR INDUCE ANOTHER TO MAKE, CIRCULATE, OR SEND TO ANOTHER
PERSON SUCH A STATEMENT. .

(B)     A PERSON THAT VIOLATES ANY PROVISION OF THIS SECTION IS GUILTY
OF A MISDEMEANOR AND ON CONVICTION IS SUBJECT TO A FINE NOT EXCEEDING
$1,000 OR IMPRISONMENT NOT EXCEEDING 3 YEARS OR BOTH.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

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