California Financial Code

§ 1024

FIN § 1024 Effective Jan 1, 2014Div. 1.1 · Ch. 2

Statute text

(a)In this section, “control” has the meaning set forth in Section 1250.

(b)For purposes of Section 1023, the commissioner may find:

(1)That a proposed officer or director of a proposed bank or trust company does not have sufficient standing to afford reasonable promise of successful operation if such person has been convicted of, or has pleaded nolo contendere to, any crime involving fraud or dishonesty.

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Legislative history

Amended by Stats. 2013, Ch. 334, Sec. 32. (SB 537) Effective January 1, 2014.