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18 U.S.C. § 1032Concealment of assets from conservator, receiver, or liquidating agent

submitted 36 years ago by Pub. L. 101-647 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 154 words · no verdicts yet

in plain englishAI-generated · not legal advice

A person who hides assets from, corruptly obstructs, or places assets beyond the reach of specified financial conservators, receivers, or liquidating agents may be fined or imprisoned for up to five years.

Anyone who: (1) knowingly hides or tries to hide an asset or property from the listed Federal Deposit Insurance Corporation, conservator, receiver, or National Credit Union Administration Board acting in the listed capacity; (2) corruptly obstructs or tries to obstruct those entities’ functions; or (3) corruptly places or tries to place an asset or property beyond their reach, may be fined under this title, imprisoned up to five years, or both.
the actual law source: uscode.house.gov ↗public domain

Whoever

(1)

knowingly conceals or endeavors to conceal an asset or property from the Federal Deposit Insurance Corporation, acting as conservator or receiver or in the Corporation’s corporate capacity with respect to any asset acquired or liability assumed by the Corporation under section 11, 12, or 13 of the Federal Deposit Insurance Act, any conservator appointed by the Comptroller of the Currency, the Federal Deposit Insurance Corporation acting as receiver for a covered financial company, in accordance with title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the National Credit Union Administration Board, acting as conservator or liquidating agent;

(2)

corruptly impedes or endeavors to impede the functions of such Corporation, Board, or conservator; or

(3)

corruptly places or endeavors to place an asset or property beyond the reach of such Corporation, Board, or conservator,

shall be fined under this title or imprisoned not more than 5 years, or both.

Source credit: (Added Pub. L. 101–647, title XXV, § 2501(a), Nov. 29, 1990, 104 Stat. 4859; amended Pub. L. 107–273, div. B, title IV, § 4002(b)(13), Nov. 2, 2002, 116 Stat. 1808; Pub. L. 111–203, title II, § 211(a), (b), title III, § 377(7), July 21, 2010, 124 Stat. 1514, 1569.)

history & why it existsrecord from the source credit
  • 1990Enacted · Pub. L. 101-647 · 104 Stat. 4859
  • 2002Amended · Pub. L. 107-273 · 116 Stat. 1808
  • 2010Amended · Pub. L. 111-203 · 124 Stat. 1514, 1569

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-647 on 1990-11-29.

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