Can you summarize Fin Code CACL 1324?

Short Summary

Any director, officer, agent, or employee of any bank who knowingly receives or possesses himself or herself of any of its property otherwise than in payment of a just demand, and with intent to defraud, omits to make or cause to be made a full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof is guilty of a felony. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

Jurisdiction

California

Source

Fin Code CACL 1324 [https://reggi.cloud.regology.com/regulations/US-CACL/US-CACL_T_FIN_T_1.1_C_10_SC_1_S_1324]

• Banking