Section 665. Misconduct by directors of banking corporations  


Latest version.
  • Every director
      of a banking corporation who:
        1.  In  case  of  the fraudulent insolvency of such corporation, shall
      have participated in such fraud; or
        2. Wilfully does any act as such director which is expressly forbidden
      by statute, or wilfully omits to perform any duty imposed  upon  him  as
      such director by statute,
        Is  guilty  of  a  misdemeanor,  if  no other punishment is prescribed
      therefor by law.
        The insolvency of a banking corporation is  deemed  fraudulent  unless
      its  affairs appear upon investigation to have been administered fairly,
      legally and with the same care and diligence  that  agents  receiving  a
      compensation for their services are bound, by law, to observe.