Maryland Financial Institutions Section 5-804

Article - Financial Institutions

§ 5-804.

      (a)      An officer or employee of a banking institution may not accept a deposit knowing that the institution is insolvent.

      (b)      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.



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