{"code":"FIN","codeName":"Financial Code","section":"6525.5","citation":"Fin. Code, § 6525.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. SAVINGS ASSOCIATION LAW [5000. - 10009.]","url":"https://blackletter.si/financial-code/division-2"},{"name":"CHAPTER 4. Powers of Associations [6500. - 6558.]","url":"https://blackletter.si/financial-code/division-2/chapter-4"},{"name":"ARTICLE 1. General Powers [6500. - 6530.]","url":"https://blackletter.si/financial-code/division-2/chapter-4/article-1"}],"history":"Added by Stats. 1990, Ch. 1118, Sec. 33.","effective":null,"html":"<p>Except with the prior written consent of the commissioner:</p><p>(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.</p><p>(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.</p>","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.","otherVersions":[],"url":"https://blackletter.si/financial-code/general-powers-6525-5","source":"California Legislative Information bulk export (pubinfo)"}