Section 178.1. Prohibitions on contributions and expenditures

(a) Only corporations formed primarily for political purposes or as political committees may make contributions or expenditures in connection with the election of a candidate or for any political purpose.

(b) No National or State bank or an unincorporated association may make contributions or expenditures in connection with the election of a candidate or for a political purpose; except that National and State banks, corporations and unincorporated associations can make expenditures relating to questions to be voted on by the electors of the Commonwealth.

(c) No candidate or political committee or other person may knowingly receive or accept a contribution prohibited by this chapter.

(d) No officer or director of any corporation, National or State bank, or any unincorporated association shall consent to any contribution or expenditure by the corporation, National or State bank, or unincorporated association prohibited by this chapter.