76-10-706. Unlawful acts by director, officer or agent.
Every director, officer, or agent of any corporation or association who knowingly receives
or possesses himself of any property of such corporation or association, otherwise than in
payment of a just demand, and who, with intent to defraud, omits to make, or to cause or direct to
be made, a full and true entry thereof in the books or accounts of the corporation or association;
and every director, officer, agent, or member of any corporation or association who embezzles,
abstracts, or willfully misapplies any of the money, funds, or credits of the corporation or
association; or who, without authority from the directors, issues or puts in circulation any of the
notes of the corporation or association; or who, without the authority, issues or puts forth any
certificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns any
note, bond, draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry
in any book, report, or statement of the corporation or association; or who issues any fraudulent,
fictitious, or illegal stock in any such corporation or association, with intent in either case to injure
or defraud the corporation or association, or any other company, body politic, or corporate, or
any individual person, or to deceive any officer of the corporation or association, or any agent
appointed to examine the affairs of any such corporation or association; and every person who,
with like intent, aids or abets any officer, clerk, or agent in any violation of this section is guilty
of a felony of the third degree.
Enacted by Chapter 196, 1973 General Session
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Last revised: Thursday, May 28, 2009