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Iowa Code § 533.209

Conflicts of interest

Known as the Iowa Credit Union Act

The act spans §§ 533–533 (83 sections).

2007 Acts, ch 174, §26

1. A director, committee member, officer, or employee of a state credit union shall not directly or indirectly participate in either the deliberation upon or the determination of any matter in which the director, committee member, officer, or employee has a direct or indirect interest.

2. For the purposes of this section, an “interest” may include, but is not limited to, a pecuniary or familial interest.

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.