# Financial Institutions (GFI)

## Title 5. Banking Institutions -- General Provisions

### Subtitle 8. Prohibited Activities; Penalties

#### Section 5-804

(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.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)