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Can you summarize SCCL 34-13-90?
BANK LOANS AND INVESTMENTS > Penalty for improper borrowing by directors or officers.
Short Summary
A person who violates the provisions of Section 34-13-80 is guilty of a felony and, upon conviction, must be fined in the discretion of the court or imprisoned not more than ten years, or both. HISTORY: 1962 Code Section 8-229; 1952 Code Section 8-229; 1942 Code Section 7874-1; 1932 Code Section 1361; Cr. C. ‘22 Section 258; Cr. C. ‘12 Section 296; Cr. C. ‘02 Section 218; 1897 (21) 463; 1984 Act No. 391, Section 2; 1993 Act No. 184, Section 64, eff January 1, 1994. Effect of Amendment The 1993 amendment rewrote this section so as to change portions from misdemeanors to felonies and the maximum term of imprisonment to conform to the new crime classification system.
Jurisdiction
South Carolina