9-2016.   Unlawfully transacting banking or trust business; penalty.It shall be unlawful to transact a banking business or trust businesswithout having first received a certificate from the commissioner. Anyperson violating the provisions of this section, either individually or asan interested party, in any association or corporation, shall be guilty ofa 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 normore than one year, or by both such fine and imprisonment.

      History:   L. 1947, ch. 102, § 140; L. 1989, ch. 48, § 63; July 1.