Washington Code 31.12.850 – Prohibited acts — Criminal penalties

(1)(a) It is unlawful for a director, supervisory committee member, officer, employee, or agent of a credit union to knowingly violate or consent to a violation of this chapter.

Attorney's Note

Under the Washington Code, punishments for crimes depend on the classification. In the case of this section:

Class	Prison	Fine
class C felony	up to 5 years	up to $10,000

For details, see Wash. Rev. Code § 9A.20.021

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Terms Used In Washington Code 31.12.850

Credit union: means a credit union organized and operating under this chapter. See Washington Code 31.12.005
Director: means the director of financial institutions. See Washington Code 31.12.005
Person: means an organization or a natural person including, but not limited to, a sole proprietorship. See Washington Code 31.12.005

(b) It is unlawful for any person to knowingly make or disseminate a false report or other misrepresentation about the financial condition of any credit union.

(2)(a) It is unlawful for a person to perform any of the following acts:

(i) To knowingly subscribe to, make, or cause to be made a false statement or entry in the books of a credit union;

(ii) To knowingly make a false statement or entry in a report required to be made to the director; or

(iii) To knowingly exhibit a false or fictitious paper, instrument, or security to a person authorized to examine a credit union.

(b) A violation of this subsection is a class C felony under chapter 9A.20 RCW.

[ 2010 c 87 § 15; 2003 c 53 § 193; 1997 c 397 § 87; 1994 c 92 § 215; 1984 c 31 § 65. Formerly RCW 31.12.635.]