Section 6525.5 Of Article 1. General Powers From California Financial Code >> Division 2. >> Chapter 4. >> Article 1.
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.