Tennessee Code 45-3-1303 – Unlawful concealment of transactions

(a) It is unlawful for a director, officer, agent, or employee of an association, directly or indirectly, to conceal or endeavor to conceal any transaction of the association from any officer, director, agent, or employee of the association or from the commissioner, any examiner, or other employee of the department to whom it should properly be disclosed.

Attorney's Note

Under the Tennessee Code, punishments for crimes depend on the classification. In the case of this section:

Class	Prison	Fine
class C misdemeanor	up to 30 days	up to $50

For details, see Tenn. Code § 40-35-111

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Terms Used In Tennessee Code 45-3-1303

Association: means a capital stock or mutual savings and loan association. See Tennessee Code 45-3-104
Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-3-104
Department: means the department of financial institutions. See Tennessee Code 45-1-103

(b) A violation of this section is a Class C misdemeanor.

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Tennessee Code 45-3-1303 – Unlawful concealment of transactions

Attorney's Note

Terms Used In Tennessee Code 45-3-1303

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