Indiana Code 6-9-56-10. Improper transfer or receipt of money; offense
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Sec. 10. (a) An individual member of the commission who knowingly or intentionally:
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 6-9-56-10
- 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.
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
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.
(c) It is a defense to a prosecution under this section that the person who engaged in the conduct prohibited by subsection (a) exercised reasonable business judgment and discretion based on information available at the time of the decision.
As added by P.L.236-2023, SEC.121.