State v. Hightower

The pertinent provisions of the statute, under which the Xiresent indictment is laid, are as follows:

“Sec. 85. Insolvent bardas, receiving deposits in. Any person, being an officer or employee of a bank, who receives, or, being an officer thereof, permits an employee to receive money, checks, drafts or other property as a deposit therein, when he has knowledge that such bank is insolvent, shall be guilty of a felony, and upon conviction thereof shall be fined not more than five thousand dollars or imprisoned in the State’s Prison not more than five years, or both.” Chapter 4, Public Laws 1921.