Section 5-804 - Acceptance of deposits for insolvent institution.
§ 5-804. Acceptance of deposits for insolvent institution.
(a) Acceptance restricted.- An officer or employee of a banking institution may not accept a deposit knowing that the institution is insolvent.
(b) Penalties.- An officer or employee who violates any provision of this section is guilty of a misdemeanor and on conviction is subject to imprisonment in the State Penitentiary for a period not exceeding 3 years.
[An. Code 1957, art. 11, § 75; 1980, ch. 33, § 2; 1991, ch. 371.]