Mass. Gen. Laws ch. 266 § 54

Current through Chapter 223 of the 2024 Legislative Session

Section 266:54 - Receipt of deposits by insolvent banks; penalty

Any officer or employee of a bank, as defined in section one of chapter one hundred and sixty-seven, who receives or permits the receipt of any deposit knowing that such bank is insolvent, shall be punished by imprisonment for not more than two and one half years or by a fine of not more than five thousand dollars, or both.

Mass. Gen. Laws ch. 266, § 54