SEC. 81-13-28. Member or employee not to participate in matters in which he or she has pecuniary interest; penalty.

A member of the board of directors or a member of the credit committee or supervisory committee or an employee of a credit union may not participate in the deliberation or the determination of a question affecting his own pecuniary interest or the pecuniary interest of a corporation, partnership or association in which he is interested. Any person who violates this section may not thereafter serve as an officer, agent or employee of a credit union.

SOURCES: Laws, 1987, ch. 381, Sec. 13; reenacted, 1995, ch. 374, Sec. 16, eff from and after July 1, 1995

1997 Amendment

Reenacted.

SOURCE: 1997 Laws, Chapter 368, Sec. 16, HB561, Effective July 1, 1997.