Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-70. Prohibitions applicable to directors, officers, employes and attorneys

(1) Receive anything of value for procuring or attempting to procure any loan from or investment by an association,

(2) Purchase, lease, or directly or indirectly be interested in purchasing or leasing from the association for less than its fair market value any security or other property,

(3) Contract with an association upon terms less favorable to the association than those offered by any other corporation or person,

(4) Engage in any transaction under subsections (2) and (3) hereof unless the transaction is authorized by the vote of at least two-thirds of all the members of the board of directors who are not interested in such transaction except in their capacity as directors,

(5) Receive a mortgage loan from the association unless the real property securing the loan shall be occupied by such director, officer, attorney or employe at his home.