There Is a Newer Version of the Idaho Code and Statutes
  1. 2025 Idaho Code
  2. 2024 Idaho Code
  3. 2023 Idaho Code
  4. 2011 Idaho Code (here)
  5. View All Versions
View Our Newest Version Here

2011 Idaho Code
TITLE 26 BANKS AND BANKING
CHAPTER 21 IDAHO CREDIT UNION ACT
26-2117 PENALTIES FOR OFFICIAL MISCONDUCT.

Universal Citation:
ID Code § 26-2117 (2011 through Reg Sess)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

26-2117. Penalties for official misconduct. Any officer, director, or committee member or loan officer of a credit union who knowingly permits a loan to be made or participates in a loan to a nonmember is guilty of a misdemeanor and shall be primarily liable to the credit union for the amount thus illegally loaned and the illegality of such a loan shall be no defense in any action of the credit union to recover on the loan.

Any officer, director, committee member, agent or employee who knowingly makes or subscribes to false entries or exhibits a false or fictitious paper, instrument, or security to a person authorized to examine the credit union books and records shall be guilty of a felony.

Any officer, director, committee member, agent or employee who receives payments on shares knowing the credit union is insolvent shall be guilty of a misdemeanor.

Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.