N.J. Stat. § 2C:21-14

Current through L. 2023, c. 256.

Section 2C:21-14 - Receiving deposits in a failing financial institution

An officer, manager or other person directing or participating in the direction of a financial institution commits a crime of the fourth degree if he receives or permits the receipt of a deposit, premium payment or other investment in the institution knowing that:

a. Due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization; and

b. The person making the deposit or other payment is unaware of the precarious situation of the institution.

N.J.S. § 2C:21-14

L.1978, c.95, s.2C:21-14, eff. 9/1/1979.