Pennsylvania Statutes
§ 711 — Procedures for approving service by certain persons
(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.
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Legislative History
(Dec. 9, 2002, P.L.1572, No.207, eff. 60 days) 2002 Amendment.Act 207 amended subsec. (a).