New Jersey statute
N.J.S.A. 2C:21-14 — Receiving deposits in a failing financial institution
Current through P.L.2025, c.346, and J.R.22
Part of Chapter 21, Colorado Revised Statutes.
Criminal charges under this statute
Full text of N.J.S.A. 2C:21-14
Statutory text current through the P.L.2025, c.346, and J.R.22. This is an officially sanctioned publication using the official text of the Colorado Revised Statutes; it is not the official statutes of the State of Colorado.
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.
L.1978, c. 95, s. 2C:21-14, eff. Sept. 1, 1979.
Official sources
Legal terms used in this section
Questions this section answers
What degree of offense is receiving deposits in a failing financial institution in New Jersey?
Receiving deposits in a failing financial institution is a crime of the fourth degree in New Jersey under N.J.S.A. 2C:21-14.
Which New Jersey statute covers receiving deposits in a failing financial institution?
Receiving deposits in a failing financial institution is governed by N.J.S.A. 2C:21-14 (Receiving deposits in a failing financial institution).
This reference is informational and is not legal advice.