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DIVISION 2. SAVINGS ASSOCIATION LAW 5000-10009›CHAPTER 4. Powers of Associations 6500-6558›ARTICLE 1. General Powers 6500-6530

§ 6525.5

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

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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California Financial Code

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