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  • SECTION 663
    Receiving deposits in insolvent bank
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  • ARTICLE 13-D
    Misconduct Relating to Banking Organizations
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  • SECTION 665
    Misconduct by directors of banking corporations
    • This entry was published on 2014-09-22
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    SECTION 664

    Unlawful investments by officers of mutual savings banks

    Banking (BNK) CHAPTER 2, ARTICLE 13-D

    § 664. Unlawful investments by officers of mutual savings banks. Any
    officer or trustee of a mutual savings bank authorizing or making any
    investment of the funds of the bank in securities not authorized by law,
    is guilty of a misdemeanor.