(a) The Fund Director may not:
(1) Be an officer or director of any State or federal savings and loan association; or
(2) Engage in any other business relating to financial institutions.
(b) (1) The Fund Director may not own stock or be a depositor in any member association.
(2) The employees of the Fund may not own stock in any member association.
(c) Any person who violates any provision of this section is subject to dismissal.