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Can you summarize 18 PACS 4112?
FORGERY AND FRAUDULENT PRACTICES > Receiving deposits in a failing financial institution.
Short Summary
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.
Jurisdiction
Pennsylvania