9-2011. Unlawfully engaging in the banking or trust company business; penalty.

9-2011

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES
Article 20.--BANKING CODE; CRIMES AND PUNISHMENTS

      9-2011.   Unlawfully engaging in the banking or trust company business; penalty. It shall be unlawful for any individual, firm or corporation to advertise, publish or otherwise promulgate that they are engaged in the banking business or trust business, without first having obtained authority from the bank commissioner as herein provided. Any such individual or member of any such firm or officer of any such corporation violating this section shall be guilty of a misdemeanor, and upon conviction shall be punished by a fine not exceeding $5,000.

      History:   L. 1947, ch. 102, § 135; L. 1989, ch. 48, § 60; L. 1994, ch. 51, § 7; April 7.