California Financial Code

§ 6525.5

FIN § 6525.5Div. 2 · Ch. 4 · Art. 1

Statute text

Except with the prior written consent of the commissioner:

(a)No person who has been convicted of any criminal offense involving dishonesty or breach of trust may participate, directly or indirectly, in any manner in the conduct of the affairs of a savings association.

(b)A savings association shall not permit any person who has been convicted of any criminal offense involving dishonesty or breach of trust to participate, directly or indirectly, in any manner in the conduct of the affairs of the savings association.

Legislative history

Added by Stats. 1990, Ch. 1118, Sec. 33.