As Amended
SEC. 43-33-751. Conflict of interest; disclosure.
If any director, officer or employee of the corporation shall be interested either directly or indirectly, or shall be an officer or employee of or have an ownership interest in any firm or corporation interested directly or indirectly, in any contract with the corporation, including any loan to any sponsor, builder or developer, such interest shall be disclosed to the corporation and shall be set forth in the minutes of the corporation, and the director, officer or employee having such interest therein shall not participate on behalf of the corporation in the authorization of any such contract.
SOURCES: Laws, 1989, ch. 525, Sec. 27, eff from and after July 1, 1989.