[§211F-10]  Confidentiality of trade secretsor the like; disclosure of financial information.  Notwithstanding chapter92, 92F, or any other law to the contrary, any documents or data made orreceived by any member or employee of the corporation, to the extent that thematerial or data consist of trade secrets, commercial or financial informationregarding the operation of any business conducted by an applicant for, orrecipient of, any form of assistance that the corporation is empowered torender, or regarding the competitive position of that applicant in a particularfield of endeavor, shall not be a public record; provided that if thecorporation purchases a qualified security from an applicant, the commercialand financial information, excluding confidential business information, shallbe deemed to become a public record of the corporation.  If the information ismade or received by any member or employee of the corporation after thepurchase of the qualified security, it shall become a public record three yearsfrom the date the information was made or received.  Any discussion orconsideration of trade secrets or commercial or financial information, shall beheld by the board, or any subcommittee of the board, in executive sessionsclosed to the public; provided that the purpose of any such executive sessionshall be set forth in the official minutes of the corporation and businesswhich is not related to that purpose shall not be transacted, nor shall anyvote be taken during the executive sessions. [L 1990, c 110, pt of §3]