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N.J. Stat. Ann. § 2C:21-14

Receiving deposits in a failing financial institution

Known as the September 11th, 2001 Anti-Terrorism Act

The act spans §§ 2–2 (912 sections).

L.1978, c. 95, s. 2C:21-14, eff

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.

Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.