California Financial Code

§ 14310

FIN § 14310 Effective Sep 20, 2002Div. 5 · Ch. 3 · Art. 3

Statute text

(a)If the commissioner finds that any of the factors set forth in paragraph (1) and the factor set forth in paragraph (2) are true with respect to a subject person or former subject person of a subject institution, the commissioner may, without any prior notice or hearing, issue an order suspending the subject person or former subject person from his or her office, if any, with the subject institution and prohibiting him or her from further participating in any manner in the conduct of the affairs of the subject institution without the approval of the commissioner:

(1)That the subject person or former subject person has been charged in an indictment issued by a grand jury or in an information, complaint, or similar pleading issued by a United States attorney, district attorney, or other governmental official or agency authorized to prosecute crimes, with commission of or participation in any of the following crimes:

(A)A crime that involves dishonesty or breach of trust and that is punishable by imprisonment for a term exceeding one year.

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Legislative history

Added by Stats. 2002, Ch. 734, Sec. 32. Effective September 20, 2002.