9-2016. Unlawfully transacting banking or trust business; penalty.
9-2016
9-2016. Unlawfully transacting banking or trust business; penalty.
It shall be unlawful to transact a banking business or trust business
without having first received a certificate from the commissioner. Any
person violating the provisions of this section, either individually or as
an interested party, in any association or corporation, shall be guilty of
a misdemeanor, and on conviction shall be fined in a sum of not less than
$300 nor more than $1,000 or by imprisonment for not less than 30 days nor
more than one year, or by both such fine and imprisonment.
History: L. 1947, ch. 102, § 140; L. 1989, ch. 48, § 63; July 1.