524.1605 False statements, reports, and felonious acts. 1. Any director, officer, or employee of a state bank who shall knowingly subscribe or make any false statements or false entries in the books, records, or memoranda of a statebank, or knowingly subscribe or exhibit false papers with intent to deceive any personauthorized to examine its condition, or shall knowingly subscribe or make false reports, orshall knowingly divert the funds of the state bank to other purposes than those authorizedby law, or who commits any other act with intent to defraud the state bank or any otherperson shall be guilty of a class 'C' felony, and shall be forever disqualified from acting as adirector, officer, or employee of any state bank. 2. Any officer or employee of a state bank who, with intent to defraud the state bank or any other person, certifies any check when there are not sufficient funds on hand availableto the credit of the drawer of said check to pay the same, or who issues any certificate ofdeposit when funds have not been deposited equal to the amount of such certificate, orwho, with intent to defraud the state bank or any other person, draws any draft or bill ofexchange, makes any e ofdeposit when funds have not been deposited equal to the amount of such certificate, orwho, with intent to defraud the state bank or any other person, draws any draft or bill ofexchange, makes any acceptance, or issues, puts forth or assigns any note, debenture, bondor other obligation or instrument, or participates in, or receives directly or indirectly anymoney, property or other benefit from any transaction, loan, contract or other act of a statebank shall be guilty of a class 'C' felony, and shall, in either event be forever disqualifiedfrom acting as an officer or employee of any state bank. [C97, §1887; C24, 27, §9282; C31, 35, §9282, 9283-c2; C39, §9282, 9283.02; C46, 50, 54, 58, 62, 66, §528.84, 528.87; C71, 73, 75, 77, 79, 81, §524.1605] Sat Dec 23 01:26:25 2023 Iowa Code 2024, Section 524.1605 (23, 0)
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