It is enacted by the General Assembly as follows:

SECTION 1. Section 19-9-22 of the General Laws in Chapter 19-9 entitled "Community Obligations and Banking Offenses" is hereby amended to read as follows:

19-9-22. Violations by officers and employees -- Every president, director, officer, trustee, cashier, treasurer, teller, clerk, employee or agent of any licensee licensed pursuant to chapter 14 of title 19, regulated institution or other depository, who, without authority of the directors or trustees, issues or puts forth any certificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree, or who makes any false entry in any book, report, or statement of the licensee, regulated institution or other depository, with intent in either case to injure or defraud the licensee, regulated institution or other depository, or any company, corporation, or person, or to deceive any officer of the licensee, regulated institution or other depository, the director of business regulation, or any agent appointed by the director to examine the affairs of that licensee, regulated institution or other depository; and any person who with like intent aids or abets any officer, clerk or agent in violation of this section, upon conviction, shall be fined not exceeding

fifty thousand dollars ($50,000) or be imprisoned not exceeding twenty (20) years, or both.

SECTION 2. This act shall take effect upon passage.