If any member, officer, or employee of the corporation shall be interested either directly or indirectly, or shall be an officer or employee of or have an ownership interest in any firm or corporation interested directly or indirectly in any contract with the corporation, including any loan to any sponsor, builder, or developer, such interest shall be disclosed to the corporation and shall be set forth in the minutes of the corporation, and the member, officer, or employee having such interest therein shall not participate on behalf of the corporation in the authorization of any such contract.
KRS 198A.210
Disclosure of conflict of interest of member, officer, or employee of the corporation
Known as the Mae Street Kidd Kentucky Housing Corporation Act
The act spans §§ 198A.010 to 198A.750 (46 sections).
History: Created 1972 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.