Section 5507 – Regulations and statements of policy
§ 5507. Regulations and statements of policy. The Department of Banking and Securities and the Insurance Department may adopt statements of policy or regulations to implement this chapter and to provide guidance to financial institutions and insurers providing financial or insurance services to legitimate cannabis-related businesses and business associates of a legitimate cannabis-related business.
Section 5701 – Legislative intent
§ 5701. Legislative intent. The intent of this chapter is to authorize and provide a regulatory framework for financial institutions to conduct savings promotion programs to encourage robust saving habits and improve financial literacy.
Section 5703 – Savings promotion program
§ 5703. Savings promotion program. (a) Authorization.–Notwithstanding any prohibitions on lotteries or gambling provided by the laws of this Commonwealth, including 18 Pa.C.S. §§ 5512 (relating to lotteries, etc.), 5513 (relating to gambling devices, gambling, etc.) and 5514 (relating to pool selling and bookmaking), an eligible financial institution may conduct a savings promotion program and […]
Section 5704 – Compliance with Federal regulations
§ 5704. Compliance with Federal regulations. An eligible financial institution may offer a savings promotion program only to the extent permitted by Federal law, including any regulations promulgated by the institution’s appropriate prudential regulator.
Section 5303 – Injunctive relief
§ 5303. Injunctive relief. (a) Injunctions.–Actual or threatened misappropriation may be enjoined. Upon application to the court, an injunction shall be terminated when the trade secret has ceased to exist, but the injunction may be continued for an additional reasonable period of time in order to eliminate commercial advantage that otherwise would be derived from […]
Section 5705 – Qualified financial program
§ 5705. Qualified financial program. A qualified financial program offered under section 5703(a)(2) (relating to savings promotion program) must include programs to encourage an eligible individual to do at least one of the following: (1) Deposit or transfer money into a qualified account on a recurring or automatic basis. (2) Refinance or consolidate existing debt […]
Section 5304 – Damages
§ 5304. Damages. (a) Monetary damages.–Except to the extent that a material and prejudicial change of position prior to acquiring knowledge or reason to know of misappropriation renders a monetary recovery inequitable, a complainant is entitled to recover damages for misappropriation. Damages can include both the actual loss caused by misappropriation and the unjust enrichment […]
Section 5305 – Attorney fees
§ 5305. Attorney fees. A court may award reasonable attorney fees, expenses and costs to the prevailing party: (1) if a claim of misappropriation is made in bad faith; (2) a motion to terminate an injunction is made or resisted in bad faith; or (3) willful and malicious misappropriation exists.
Section 5306 – Preservation of secrecy
§ 5306. Preservation of secrecy. In any action under this chapter, a court shall preserve the secrecy of an alleged trade secret by reasonable means which may include, but are not limited to, granting protective orders in connection with discovery proceedings, holding in camera hearings, sealing the records of the action and ordering any person […]
Section 5105 – Transfer or obligation voidable as to present creditor
§ 5105. Transfer or obligation voidable as to present creditor. (a) General rule.–A transfer made or obligation incurred by a debtor is voidable as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent […]