9-2010.Insolvent bank receiving deposits; penalty.
No bank shall accept or receive on deposit, with or without interest,
any money, bank bills or notes, or United States treasury notes, gold or
silver certificates, or currency, or other notes, bills, checks, or drafts,
when such bank is insolvent; and any officer, director, cashier, manager,
member, partner or managing partner of any bank, who shall knowingly
violate the provisions of this section or be accessory to or permit or
connive at the receiving or accepting on deposit of any such deposit, shall
be guilty of a felony, and upon conviction thereof shall be punished by a
fine not exceeding $5,000, or by imprisonment in the
custody of the secretary of corrections not less
than one year nor more than five years, or by both such fine and
imprisonment.
History: L. 1947, ch. 102, § 134;
L. 1990, ch. 309, § 5; May 24.
9-2010.Insolvent bank receiving deposits; penalty.
No bank shall accept or receive on deposit, with or without interest,
any money, bank bills or notes, or United States treasury notes, gold or
silver certificates, or currency, or other notes, bills, checks, or drafts,
when such bank is insolvent; and any officer, director, cashier, manager,
member, partner or managing partner of any bank, who shall knowingly
violate the provisions of this section or be accessory to or permit or
connive at the receiving or accepting on deposit of any such deposit, shall
be guilty of a felony, and upon conviction thereof shall be punished by a
fine not exceeding $5,000, or by imprisonment in the
custody of the secretary of corrections not less
than one year nor more than five years, or by both such fine and
imprisonment.
History: L. 1947, ch. 102, § 134;
L. 1990, ch. 309, § 5; May 24.
9-2010.Insolvent bank receiving deposits; penalty.
No bank shall accept or receive on deposit, with or without interest,
any money, bank bills or notes, or United States treasury notes, gold or
silver certificates, or currency, or other notes, bills, checks, or drafts,
when such bank is insolvent; and any officer, director, cashier, manager,
member, partner or managing partner of any bank, who shall knowingly
violate the provisions of this section or be accessory to or permit or
connive at the receiving or accepting on deposit of any such deposit, shall
be guilty of a felony, and upon conviction thereof shall be punished by a
fine not exceeding $5,000, or by imprisonment in the
custody of the secretary of corrections not less
than one year nor more than five years, or by both such fine and
imprisonment.
History: L. 1947, ch. 102, § 134;
L. 1990, ch. 309, § 5; May 24.
