18 Pa. C.S. § 4112

Current through Pa Acts 2024-53, 2024-56 through 2024-111

Section 4112 - Receiving deposits in a failing financial institution

An officer, manager or other person directing or participating in the direction of a financial institution commits a misdemeanor of the second degree if he receives or permits the receipt of a deposit, premium payment or other investment in the institution knowing that:

(1) due to financial difficulties the institution is about to suspend operations or go into receivership or reorganization; and

(2) the person making the deposit or other payment is unaware of the precarious situation of the institution.

18 Pa.C.S. § 4112

1972, Dec. 6, P.L. 1482, No. 334, § 1, effective 6/6/1973.