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Texas Statutes (Last Updated: January 4, 2014) |
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FINANCE CODE |
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Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
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Subtitle D. CREDIT UNIONS |
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Chapter 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS |
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Subchapter F. MISCONDUCT AND ENFORCEMENT |
Sec. 122.254. FALSE STATEMENTS OR DOCUMENTS; DESTRUCTION OF RECORDS
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(a) A person commits an offense if the person, knowingly and with the intent to deceive:
(1) makes a false entry on a record, report, or statement of a credit union; or
(2) in connection with an examination or investigation of a credit union by the commissioner, a deputy commissioner, or the department's authorized examiner, exhibits a false paper, instrument, or security or gives under oath a false answer to a question directly related to the examination or investigation asked the person by the commissioner, the deputy commissioner, or the department's authorized examiner.
(b) A person commits an offense if the person knowingly removes, destroys, or conceals a record of the credit union for the purpose of concealing a fact or information from the commissioner, a deputy commissioner, or the department's authorized examiner.
(c) An offense under this section is a third degree felony.