State Codes and Statutes

Statutes > Kentucky > 198A00 > 210

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198A.210 Disclosure of conflict of interest of member, officer, or employee of the corporation. If any member, officer, or employee of the corporation shall be interested either directly <br>or indirectly, or shall be an officer or employee of or have an ownership interest in any <br>firm or corporation interested directly or indirectly in any contract with the corporation, <br>including any loan to any sponsor, builder, or developer, such interest shall be disclosed <br>to the corporation and shall be set forth in the minutes of the corporation, and the <br>member, officer, or employee having such interest therein shall not participate on behalf <br>of the corporation in the authorization of any such contract. History: Created 1972 Ky. Acts ch. 70, sec. 22.

State Codes and Statutes

Statutes > Kentucky > 198A00 > 210

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198A.210 Disclosure of conflict of interest of member, officer, or employee of the corporation. If any member, officer, or employee of the corporation shall be interested either directly <br>or indirectly, or shall be an officer or employee of or have an ownership interest in any <br>firm or corporation interested directly or indirectly in any contract with the corporation, <br>including any loan to any sponsor, builder, or developer, such interest shall be disclosed <br>to the corporation and shall be set forth in the minutes of the corporation, and the <br>member, officer, or employee having such interest therein shall not participate on behalf <br>of the corporation in the authorization of any such contract. History: Created 1972 Ky. Acts ch. 70, sec. 22.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 198A00 > 210

Download pdf
Loading PDF...


198A.210 Disclosure of conflict of interest of member, officer, or employee of the corporation. If any member, officer, or employee of the corporation shall be interested either directly <br>or indirectly, or shall be an officer or employee of or have an ownership interest in any <br>firm or corporation interested directly or indirectly in any contract with the corporation, <br>including any loan to any sponsor, builder, or developer, such interest shall be disclosed <br>to the corporation and shall be set forth in the minutes of the corporation, and the <br>member, officer, or employee having such interest therein shall not participate on behalf <br>of the corporation in the authorization of any such contract. History: Created 1972 Ky. Acts ch. 70, sec. 22.