California · Financial Code
FIN §14601: No member of the credit committee or the credit manager or any loan officer shall serve as a member of the supervisory committee.
What this law says, in plain English
Credit committee members, credit managers, and loan officers are prohibited from serving on the supervisory committee simultaneously.
Read the full statutory text
No member of the credit committee or the credit manager or any loan officer shall serve as a member of the supervisory committee.
Verify at the official source: California legislative text
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