Section 510 - Liability for unlawful distributions(a) Prohibition--The trustees of a mutual savings bank shall not declare or pay interest or authorize or ratify the distribution of any part of its assets to depositors or others, except as authorized by this act.(b) Trustees liable--The trustees under whose administration an unlawful payment of interest or distribution is made shall be jointly and severally liable to the mutual savings bank for the amount thereof except: (i) a trustee who voiced his dissent at the meeting at which the action was authorized and requested that his dissent be entered on the minutes of the meeting or who, if he was absent at the time, promptly upon learning of the action filed his written objection thereto with the secretary of the savings bank, or(ii) a trustee who relied and acted upon financial statements of the savings bank represented to him to be correct by the president of the savings bank or by an officer responsible for its accounts or stated in a written report by an independent public or certified public accountant or firm of such accountants fairly to reflect the financial condition of the savings bank.(c) Contribution--Each trustee held liable under this section shall be entitled to contribution from the other trustees who are likewise liable.1965, Nov. 30, P.L. 847, No. 356, § 510. Amended 1982, April 8, P.L. 262, No. 79, § 9, imd. effective.