SECTION 85:25-3-27. Criminal referral

  In addition to any reports or action required by any federal agency, an immediate written report shall be made by an appropriate officer of the association to the State Bank Commissioner, of any of the following events:

(1)   Any known or suspected theft, embezzlement, check-kiting operation, misappropriation, or other defalcation involving association personnel or association funds in any amount. Where there is reason to suspect any person or persons in connection with the event, the identity of such persons and the reason for suspicion shall be included in the report.

(2)   Any state of facts growing out of the affairs of the association known or suspected to involve criminal violation of any other section of the United States Code or state law.

(3)   Any mysterious disappearance or unexplained shortage of association funds or other assets of $1,000 or more.

[Source: Transferred from 625:10-3-8 (see Editor’s Note at beginning of this Chapter)]