11-41-127. Violations - penalties.

Statute text

(1) Any officer, director, agent, or employee of any savings and loan association who, directly or indirectly or by indirection, commits or causes the commission of theft, abstraction, or misapplication of any of the funds or securities or other property of or under the control of any savings and loan association, with intent to deceive, injure, cheat, wrong, or defraud any person, commits a class 5 felony and shall be punished as provided in section 18-1.3-401, C.R.S.

(2) Any person who willfully and knowingly violates section 11-41-103 and sections 11-41-124 to 11-41-126 commits a petty offense, and each such violation shall constitute a separate offense.

History

Source: L. 33: p. 362, 23. CSA: C. 25, 91. L. 39: p. 256, 32. CRS 53: 122-2-27. C.R.S. 1963: 122-2-27. L. 77: (1) amended, p. 871, 26, effective July 1, 1979. L. 89: (1) amended, p. 822, 13, effective July 1. L. 2002: (1) amended, p. 1471, 39, effective October 1. L. 2021: (2) amended, (SB 21-271), ch. 462, p. 3150, 124, effective March 1, 2022.

Annotations

Editor's note: The effective date for amendments made to this section by chapter 216, L. 77, was changed from July 1, 1978, to April 1, 1979, by chapter 1, First Extraordinary Session, L. 78, and was subsequently changed to July 1, 1979, by chapter 157, 23, L. 79. See People v. McKenna, 199 Colo. 452, 611 P.2d 574 (1980).

Annotations

Cross references: (1) For the penalty for a petty offense, see 18-1.3-503.

(2) For the legislative declaration contained in the 2002 act amending subsection (1), see section 1 of chapter 318, Session Laws of Colorado 2002.

Annotations

 

ANNOTATION

Annotations

Law reviews. For article, "Foreign Savings and Loan Associations Not Doing Business in Colorado", see 16 Colo. Law. 43 (1987).