45-2-1718 - Criminal sanctions for violations. - Tennessee Statutes

45-2-1718. Criminal sanctions for violations.

(a)  Except as otherwise specifically provided in this chapter and chapter 1, any person responsible for an act or omission expressly declared to be a criminal offense by this chapter and chapter 1 of this title commits:

     (1)  A Class C misdemeanor; or

     (2)  If the act or omission was intended to defraud, a Class E felony.

(b)  An officer, director, or employee of a bank is responsible for an act or omission of the institution declared to be a criminal offense against this chapter and chapter 1 of this title whenever, knowing that the act or omission is unlawful, the person participates in authorizing, executing, ratifying or concealing the act, or in authorizing or ratifying the omission or, having a duty to take the required action, omits to do so.

(c)  Unless otherwise provided in this chapter and chapter 1 of this title, it is no defense to a criminal prosecution hereunder that the defendant did not know the facts establishing the criminal character of the act or omission charged, if the defendant could and should have known the facts in the proper performance of the defendant's duty.

[Acts 1969, ch. 36, § 1 (3.618); T.C.A., § 45-1118; Acts 1989, ch. 591, §§ 38, 113.]