(a) It is unlawful for an officer, director, employee or agent of a bank to:

Attorney's Note

Under the Tennessee Code, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
class B misdemeanorup to 6 monthsup to $500
For details, see Tenn. Code § 40-35-111

Terms Used In Tennessee Code 45-2-1706

  • Bank: means any person, as hereinafter defined, doing a banking business subject to the laws of this or any other jurisdiction and, for the purposes of supervision, examination and liquidation, includes industrial investment companies and industrial banks authorized by chapter 5 of this title. See Tennessee Code 45-1-103
  • Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-1-103
  • Department: means the department of financial institutions. See Tennessee Code 45-1-103
  • Person: means an individual, corporation, firm, trust, estate, partnership, joint venture, or association. See Tennessee Code 45-1-103
(1) Maintain or authorize the maintenance of any account of the bank in a manner that, to the person‘s knowledge, does not conform to the requirements prescribed by this chapter and chapter 1 of this title or by the commissioner;
(2) Make any false or misleading statement or entry or omit any statement or entry that should be made in any book, account, report or statement of the institution, with intent to deceive; or
(3) Obstruct or endeavor to obstruct a lawful examination of the institution by an officer or employee of the department.
(b) A violation of this section is a Class B misdemeanor.
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