It shall be unlawful for any person to serve as an officer or director of an association who:
1. Has been convicted of an offense constituting, in the jurisdiction in which the conviction was rendered, a violation of the banking, savings institution or credit union laws or other felony involving dishonesty or a breach of trust; and
2. Is indebted to the bank for more than thirty (30) days based on a judgment that has become final.
Added by Laws 2000, c. 81, § 84, eff. Nov. 1, 2000.
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