76-10-706 - Unlawful acts by director, officer or agent.
76-10-706. Unlawful acts by director, officer or agent.
Every director, officer, or agent of any corporation or association who knowingly receivesor possesses himself of any property of such corporation or association, otherwise than inpayment of a just demand, and who, with intent to defraud, omits to make, or to cause or direct tobe 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 orassociation; or who, without authority from the directors, issues or puts in circulation any of thenotes of the corporation or association; or who, without the authority, issues or puts forth anycertificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns anynote, bond, draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entryin 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 injureor defraud the corporation or association, or any other company, body politic, or corporate, orany individual person, or to deceive any officer of the corporation or association, or any agentappointed 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 guiltyof a felony of the third degree.
Enacted by Chapter 196, 1973 General Session