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§ 2105. Penalties applicable to persons for violation of section 112

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 21. Penalties and Criminal Provisions
7 P.S. § 2105
§ 2105. Penalties applicable to persons for violation of section 112
(a) Criminal liability--Any person who acquires or proposes to acquire shares of an institution or of a corporation which controls an institution in violation of section 1121 or who violates subsection (g) thereof shall be guilty of a misdemeanor and shall upon conviction thereof be subject, in the case of an individual, to imprisonment for a period not exceeding five years, or a fine not exceeding five thousand dollars ($5,000), or both, and, in the case of any other person, to a fine not exceeding fifty thousand dollars ($50,000).
(b) Civil liability--Any person who violates any provision of section 112 shall be liable to any institution or corporation or shareholder thereof damaged thereby and, in the discretion of the court, for punitive damages. The provisions of section 112 shall be enforceable in any action or suit instituted by the department or by any such institution, corporation or shareholder to enjoin or restrain any violation or threatened violation of that section.

Credits

1965, Nov. 30, P.L. 847, § 2105, added 1972, March 3, P.L. 104, No. 38, § 1, imd. effective.

Footnotes

7 P.S. § 112.
7 P.S. § 2105, PA ST 7 P.S. § 2105
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
End of Document