§ 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. (Dec. 9, 2002, P.L.1572, No.207, eff. 60 days)
2002 Amendment. Act 207 amended subsec. (a).
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 7 - Members, Directors and Officers
Section 703 - Voting rights and procedures
Section 704 - Notice to members
Section 705 - Expulsion, suspension and withdrawal
Section 706 - Election of directors and credit and supervisory committee members
Section 707 - Duties of directors generally
Section 709 - Compensation of directors and officers
Section 710 - Executive committee
Section 711 - Procedures for approving service by certain persons
Section 712 - Indemnification and exoneration from liability of directors and officers
Section 715 - Actions by members to enforce a secondary right