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Can you summarize Fin Code CACL 1339?
General Provisions [1320. - 1341.] >
Short Summary
This provision, added to the California Financial Code, applies to officers, directors, trustees, employees, or agents of any bank. It prohibits the willful making of false or untrue entries in any book, record, report, statement, or tag of the bank, with the intent to deceive various parties such as officers, directors, trustees, agents or examiners, public officers or boards. The provision also covers the willful omission to make a new entry of any matter pertaining to the bank’s business, property, condition, affairs, transactions, assets, or accounts, as well as the willful alteration, abstraction, concealment, or destruction of any book, record, report, statement, or tag of the bank. Violation of this provision is considered a felony offense.
Whom does it apply to?
Officers, directors, trustees, employees, or agents of any bank
What does it govern?
False or untrue entries in bank records
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Guilty of a felony
Jurisdiction
California