6.2-1062 - (Effective October 1, 2010) Offenses by officer, director, agent or employee of trust subsidiary; penalties. - Virginia Statutes

§ 6.2-1062. (Effective October 1, 2010) Offenses by officer, director, agentor employee of trust subsidiary; penalties.

A. Any officer, director, agent, or employee of any trust subsidiary whoembezzles, abstracts, or willfully misapplies any of the moneys, funds orcredits of, or in the possession or control of the trust subsidiary is guiltyof larceny and subject to the penalties provided in § 18.2-95 or 18.2-96.

B. Any officer, director, agent or employee of any trust subsidiary who (i)issues or puts forth any certificate of deposit, (ii) draws any order or billof exchange, (iii) makes any acceptance, (iv) assigns any note, bond, draft,bill of exchange, mortgage, judgment, decree or other instrument in writing,or (v) makes any false entry in any book, report or statement of such trustsubsidiary with intent in any case to injure or defraud the trust subsidiary,or any other individual or entity, or to deceive any officer of the trustsubsidiary or the Commission, or any agent or examiner authorized to examinethe affairs of the trust subsidiary, and any person, who, with like intent,aids or abets any such officer, director, agent or employee of such trustsubsidiary in any act described in clauses (i) through (v), is guilty of aClass 5 felony.

C. Any officer of a trust subsidiary who knowingly makes a false statement ofthe condition of any trust subsidiary is guilty of a Class 5 felony.

(Code 1950, §§ 6-128, 6-138; 1966, c. 584, § 6.1-222; 1974, c. 665; 2010, c.794.)