Disqualification of officers, directors or employees; conviction of crime; pendency of appeal

Except with the written consent of the commissioner, no person who has been convicted, or who is hereafter convicted, of any crime involving dishonesty or a breach of trust, shall thereafter serve as an officer, director or employee of an association; provided, however, the pendency of an appeal from said conviction shall stay the operation of the prohibition until the appeal is decided or dismissed. L.1966, c. 80, s. 1, eff. June 14, 1966.