2010 Pennsylvania Code
Chapter 73 - Trade and Commerce
7316 - Keeping bucket-shop.

     § 7316.  Keeping bucket-shop.
        (a)  Offense defined.--A person is guilty of a misdemeanor of
     the third degree if he keeps, or causes to be kept, any bucket-
     shop, or assists in the keeping of any bucket-shop.
        (b)  Corporate penalty.--If a corporation is convicted, its
     charter shall be forfeited by a proceeding in quo warranto,
     instituted either at the relation of the Attorney General or the
     district attorney.
        (c)  Second offense.--The continuance of the establishment
     after the first conviction shall be deemed a second offense.
        (d)  Evidence required.--It shall not be necessary, in order
     to convict any person of keeping a bucket-shop, or causing one
     to be kept, to show that such person has entered into any
     contract, agreement, trade, or transaction of the nature of a
     "bucket-shop" as defined in this section; but it shall be
     sufficient to show that such person has offered to make such a
     contract, agreement, trade, or transaction, whether the
     contract, agreement, trade, or transaction was accepted or not.
     Proof of a single instance wherein any person or another on his
     behalf, has made or offered to make any such contract,
     agreement, trade, or transaction, shall be conclusive that the
     place wherein the same was made is a bucket-shop.
        (e)  Definition.--As used in this section "bucket-shop" means
     a place where contracts, agreements, trades, or transactions
     respecting the sale or purchase of stocks, bonds, securities,
     grains, provisions or other commodities are made or offered to
     be made, to be closed, adjusted or settled upon the basis of
     public market quotations on a board of trade or exchange, but
     without a bona fide transaction on such board of trade or

        Cross References.  Section 7316 is referred to in sections
     7317, 7318, 7319 of this title.

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