Indiana Code 6-9-32-8. Unlawful transfers of money
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Sec. 8. (a) A member of the commission who knowingly:
For details, see Ind. Code § 35-50-2-7
(2) approves a transfer for a purpose not permitted under law;
(1) approves the transfer of money to any person or corporation not qualified under law for that transfer; or
Attorney's Note
Under the Indiana Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Level 6 felony | between 6 mos. and 2 1/2 years | up to $10,000 |
Terms Used In Indiana Code 6-9-32-8
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
commits a Level 6 felony.
(b) A person who receives a transfer of money under this chapter and knowingly uses that money for any purpose not permitted under this chapter commits a Level 6 felony.
As added by P.L.3-1999, SEC.1. Amended by P.L.158-2013, SEC.121.