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2018 California Code
Financial Code - FIN
DIVISION 2 - SAVINGS ASSOCIATION LAW
CHAPTER 4 - Powers of Associations
ARTICLE 1 - General Powers
Section 6525.5.
Universal Citation: CA Fin Code § 6525.5 (2018)
6525.5.
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.
(Added by Stats. 1990, Ch. 1118, Sec. 33.)
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