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ARKANSAS STATUTES AND CODES
§ 5-37-206 - Receiving a deposit in a failing financial institution.
5-37-206. Receiving a deposit in a failing financial institution.
(a) A person commits the offense of receiving a deposit in a failing financial institution if, as an officer, manager, or other person participating in the direction of a financial institution, the person knowingly receives or permits the receipt of a deposit or other investment, knowing that the financial institution is insolvent, without disclosing the true financial condition of the financial institution.
(b) Receiving a deposit in a failing financial institution is a Class A misdemeanor.
(a) A person commits the offense of receiving a deposit in a failing financial institution if, as an officer, manager, or other person participating in the direction of a financial institution, the person knowingly receives or permits the receipt of a deposit or other investment, knowing that the financial institution is insolvent, without disclosing the true financial condition of the financial institution.
(b) Receiving a deposit in a failing financial institution is a Class A misdemeanor.
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