Home Table of Contents

§ 1912. Prohibitions applicable to directors, trustees, officers, employes and attorneys

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Banking Code of 1965 (Refs & Annos)
Chapter 19. Private Banks (Refs & Annos)
7 P.S. § 1912
§ 1912. Prohibitions applicable to directors, trustees, officers, employes and attorneys
Currentness
(a) No director, trustee, officer, employe or attorney of a private bank or of an affiliate of the private bank shall:
(i) receive anything of value for procuring or attempting to procure any loan from or investment by the private bank,
(ii) overdraw his deposit account in the private bank, or
(iii) purchase, or directly or indirectly be interested in the purchase, from the private bank for less than its face value of any promissory note or other evidence of indebtedness issued by the private bank.
(b) A violation of this section shall be subject to the penalty provisions of this act.

Credits

1965, Nov. 30, P.L. 847, No. 356, § 1912. Amended 1980, May 21, P.L. 173, No. 51, § 14, imd. effective.
7 P.S. § 1912, PA ST 7 P.S. § 1912
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document