Code of Federal Regulations Title 25. Indians § 25.170.111 What activities may be carried out using TTP funds?
Current as of October 02, 2022 | Updated by FindLaw Staff
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(a) A person commits the crime of receiving deposits in a failing financial institution, if, as an officer, manager or other person participating in the direction of a financial institution, he knowingly receives or permits the receipt of funds, a general deposit or other investment, knowing or having reason to believe that:
(1) Due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization, and
(2) The person making the deposit or other payment is unaware of the precarious situation of the institution.
(b) Receiving deposits in a failing financial institution is a Class A misdemeanor.
Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.170.111 What activities may be carried out using TTP funds? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-170-111/
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