§ 5–804
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 5-804 (2026)
Title 5. Banking Institutions -- General Provisions
Subtitle 8. Prohibited Activities; Penalties
§ 5–804LinkCopy Citation
(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.