It is unlawful 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.