Massachusetts General Laws
Chapter 167j - Corporate Governance Provisions and Requirements
Section 4 - Misconduct of Officer, Director, Agent or Employee of Bank

Section 4. Any officer, trustee, director, agent or employee of any bank, who knowingly and willfully does any act forbidden to the individual or to such bank by chapters 167, 167A to 167J, inclusive, 168, 170, 172, and other laws as such provisions are applicable to such officer or to such bank, or who knowingly and willfully aids or abets the doing of any act so forbidden to such bank or to any other officer, director, agent or employee thereof, or who knowingly and willfully fails to do any act required of the individual by any such provision, or who knowingly and willfully fails to do any act which is required of such bank by any such provision the performance of which is imposed on the individual by the by-laws or regulations of the bank or by law or the responsibility for the non-performance of which is placed upon the individual by law shall, if no other penalty against the individual is specifically provided as a result of the individual's capacity, be punished by a fine of not more than $1,000 or by imprisonment for not more than 1 year, or both.

Structure Massachusetts General Laws