AB 1186, as introduced, Burke. Bribery.
Existing law makes it a crime to give, offer, or agree to give to any director, officer, or employee of a financial institution any emolument, gratuity, or reward, or any money, property, or thing of value for his or her own personal benefit or of personal advantage, for procuring or endeavoring to procure for any person a loan or extension of credit from such financial institution.
This bill would make technical, nonsubstantive changes to those provisions.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 639 of the Penal Code is amended to
2read:
begin insert(a)end insertbegin insert end insertEvery person who gives, offers, or agrees to give to
4any director, officer, or employee of a financial institution any
5emolument, gratuity, or reward, or any money, property, or thing
6of value for hisbegin insert or herend insert own personal benefit or of personal
7advantage, for procuring or endeavoring to procure for any person
P2 1a loan or extension of credit from such financial institution is guilty
2of a felony.
3As
end delete
4begin insert(b)end insertbegin insert end insertbegin insertAsend insert used in this section and Section 639a, “financial
5institution” means any person or persons engaged in the business
6of making loans or extending credit or procuring the making of
7loans or extension of credit, including, but not limited to, state and
8federal banks, savings and loan associations, trust companies,
9industrial loan companies, personal property brokers, consumer
10finance lenders, commercial finance lenders, credit unions, escrow
11companies, title insurance companies, insurance companies, small
12business investment companies, pawnbrokers, and retirement
13funds.
14As
end delete
15begin insert(c)end insertbegin insert end insertbegin insertAsend insert used in this section and Section 639a the word “person”
16includes any person, firm, partnership, association, corporation,
17limited liability company, company, syndicate, estate, trust,
18business trust, or organization of any kind.
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