§ 4112. Receiving deposits in a failing financial institution.
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/pa/title-18/chapter-41/4112A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4112. Receiving deposits in a failing financial institution.
An officer, manager or other person directing or participating in the direction of a financial institution commits a misdemeanor of the second degree if he receives or permits the receipt of a deposit, premium payment or other investment in the institution knowing that:
(1)due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization; and
(2)the person making the deposit or other payment is unaware of the precarious situation of the institution.
18c4113s