Sec. 887.702.  DIVERSION OF SPECIAL FUNDS;  CRIMINAL PENALTY.  (a)  A director, officer, agent, employee, attorney at law, or attorney in fact of an association commits an offense if the person wilfully borrows, withholds, or diverts from its purpose all or part of a special fund that:
(1)  belongs to or is under the management and control of an association;  and
(2)  is designated by law or by rule of the commissioner for a specific use.
(b)  An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by: 
Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 25.124, eff. September 1, 2009.