7-5-111. Lending trust funds to trust company, officer, director, or employee a felony.
(1) Except as provided in Subsection, a trust company may not lend funds that the trust company holds in a trust account in accordance with this chapter to: (2) the trust company; an officer of the trust company; a director of the trust company; or an employee of the trust company.
(2) A trust company may lend funds to a person described in Subsectionif: (1) the instrument creating a trust account authorizes the trust company to lend funds to the person; a person authorized to grant authorization to the trust company to lend funds to the person grants authorization; or a court issues an order in accordance with Section. 75B-2-802
(3) An officer, a director, or an employee is guilty of a third degree felony if the officer, director, or employee: makes a loan in violation of Subsection; or (1) receives a loan that violates Subsection. (1)