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2025 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 1 - Short Title, General Definitions, and General Provisions
ARTICLE 4 - Penalties
Section 5306.
Universal Citation:
CA Fin Code § 5306 (2025)
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5306. Any institution-affiliated party who knowingly executes, or attempts to execute, a scheme or artifice to defraud a savings association or to obtain any of the moneys, funds, credits, assets, securities or other property owned by or under the custody or control of a savings association by means of false or fraudulent pretenses, representations, or promises, shall be punished by a fine of not more than one million dollars ($1,000,000), by imprisonment in state prison for 2, 3, or 4 years, or by both that fine and imprisonment.
(Added by Stats. 1990, Ch. 1118, Sec. 18.)
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