California Financial Code 6525.5 – Except with the prior written consent of the commissioner:(a) No …
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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.
Terms Used In California Financial Code 6525.5
- Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
(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.)