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§ 4112. Receiving deposits in a failing financial institution

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 18 Pa.C.S.A. Crimes and Offenses

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 18 Pa.C.S.A. Crimes and Offenses (Refs & Annos)
Part II. Definition of Specific Offenses (Refs & Annos)
Article C. Offenses Against Property
Chapter 41. Forgery and Fraudulent Practices (Refs & Annos)
18 Pa.C.S.A. § 4112
§ 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.

Credits

1972, Dec. 6, P.L. 1482, No. 334, § 1, effective June 6, 1973.
18 Pa.C.S.A. § 4112, PA ST 18 Pa.C.S.A. § 4112
Current through 2021 Regular Session Act 90. Some statute sections may be more current, see credits for details.
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