Unlawful service as officer or director

It shall be unlawful and deemed a Class D1 felony offense for any person to serve as an officer or director of a bank who: 1. Has been convicted of an offense constituting in the jurisdiction in which the conviction was rendered a violation of the banking laws, a felony involving dishonesty or a breach of trust; 2. Is indebted to the bank for more than thirty (30) days upon a judgment that has become final. Added by Laws 1965, c. 161, § 1407. Amended by Laws 2025, c. 486, § 334, eff. Jan. 1, 2026.