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Can you summarize MDCM Fin. Inst. Section 5-804?

Short Summary

(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.

Jurisdiction

Maryland

Source
MDCM Fin. Inst. Section 5-804 [https://reggi.cloud.regology.com/regulations/US-MDCM/US-MDCM_C_gfi_S_5-804]