Section 420-F. Use of fund name prohibited; penalties for violation

No
  individual, association, partnership, or corporation shall use the words
  "state savings and loan insurance fund", or any combination  of  any  of
  these words which would have the effect of leading the public in general
  to believe there was any connection, actually not existing, between such
  individual,  association,  partnership,  or corporation and the fund, as
  the name under  which  he  or  it  shall  hereafter  do  business.    No
  individual,  association, partnership, or corporation shall advertise or
  otherwise represent falsely by any device whatsoever  that  his  or  its
  accounts  are  insured  or  in anywise guaranteed by the fund, or by the
  state, or by any instrumentality thereof; and no  insured  member  shall
  advertise  or  otherwise  represent falsely by any device whatsoever the
  extent to which or the manner in which its accounts are insured  by  the
  fund.   Every   individual,  partnership,  association,  or  corporation
  violating this section shall be guilty of a misdemeanor punishable by  a
  fine  of  not  exceeding  one  thousand  dollars, or by imprisonment not
  exceeding one year, or both.