§ 15D.17 — Conflict of Interest
Plain-Language Summary
A trustee, director, officer, or employee of a participating institution, financial institution, investment banking or brokerage firm, bank, trust company, architecture firm, insurance company, construction company, or any other firm, person, or corporation does not have a conflict of interest simply by serving as a member of the authority. This holds notwithstanding any other law to the contrary. The exemption applies only if that person abstains from any deliberation, action, and vote by the authority in each instance where their business affiliation is involved.
15D.17 CONFLICT OF INTEREST.
Notwithstanding any other law to the contrary it shall not be or constitute a conflict of interest for a trustee, director, officer or employee of any participating institution, financial institution, investment banking firm, brokerage firm, commercial bank or trust company, architecture firm, insurance company, construction company, or any other firm, person or corporation to serve as a member of the authority, provided the trustee, director, officer or employee shall abstain from deliberation, action and vote by the authority in each instance where the business affiliation of any trustee, director, officer or employee is involved.
History:
1971 c 868 s 17; 1973 c 758 s 8; 1Sp2025 c 3 art 7 s 26,30
History: History: 1971 c 868 s 17; 1973 c 758 s 8; 1Sp2025 c 3 art 7 s 26,30