18 Pennsylvania Consolidated Statutes § 4112 - Receiving Deposits In A Failing Financial Institution

§ 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.

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Last modified: October 8, 2016