(a) Violations of sections 1413, 1416 and 1912--A director, trustee, officer, employe or attorney of an institution who wilfully violates any of the provisions of sections 1413, 1416 or 1912 of this act¹ shall be guilty of a misdemeanor and shall upon conviction thereof be subject to imprisonment for a period not exceeding one year, or a fine not exceeding one thousand dollars ($1,000), or both; and shall be subject to a further fine of a sum equal to:

(b) Violations of sections 107 and 1415--A director, trustee, officer or employe of an institution who wilfully violates the accounting rules stated in section 107,² or who wilfully makes or receives a loan or acquires an agreement for the payment of money in violation of section 1415,³ shall be guilty of a misdemeanor and shall upon conviction thereof be subject to imprisonment for a period not exceeding one year or a fine not exceeding one thousand dollars ($1,000), or both. An individual committing a violation of section 1415 shall be subject to a further fine equal to the amount of the loan or the agreement for the payment of money on which a director, trustee, officer or employe of the institution is liable, and shall be forever disqualified from acting as a director, trustee, officer or employe of any institution.

(c) Repealed by 2000, Nov. 22, P.L. 660, No. 89, § 14, imd. effective.

(d) Violations of section 1010(a)--If an institution transacts any business before receipt of a certificate of authorization in violation of section 1010(a),⁴ the directors or trustees and officers who wilfully authorized or participated in such action, except a director or trustee who dissented therefrom and caused his dissent to be filed at the time in the department, or who, being absent at the time such action was authorized, filed his dissent upon hearing of the action, shall be severally liable for the debts and liabilities of the institution incurred prior to the receipt of the certificate of authorization.