§ 19-9-23 - Theft, embezzlement or misapplication by regulated institution, lending, credit and insurance officer or employee. - Rhode Island Statutes

SECTION 19-9-23

   § 19-9-23  Theft, embezzlement ormisapplication by regulated institution, lending, credit and insurance officeror employee. – Every president, director, officer, trustee, cashier, treasurer, teller, clerk,or agent of any regulated institution, insurance company, or other depository,who embezzles, abstracts, purloins, or willfully misapplies any of the moneys,funds or credits entrusted to the custody or care of the regulated institution,insurance company or other depository, and any person who with like intent aidsor abets any officer, clerk or agent in violation of this section, uponconviction, shall be fined not exceeding two hundred fifty thousand dollars($250,000), or be imprisoned not exceeding twenty (20) years, or both.