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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) General rule.--No person who has been convicted of a misdemeanor or a felony involving dishonesty, breach of trust or violation of this title or corresponding provisions of prior law may serve as an officer, director, committee member, employee, volunteer or agent of a credit union unless the person has or obtains the unanimous approval of the board of directors of the credit union.
(b) Disclosure statement.--Every officer, director, committee member and employee shall sign a sworn statement disclosing whether he has ever been convicted of a misdemeanor or a felony involving dishonesty, breach of trust or violation of this title or corresponding provisions of prior law.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 17 Pa.C.S.A. Credit Unions § 711. Procedures for approving service by certain persons - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-17-pacsa-credit-unions/pa-csa-sect-17-711/
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