4-17-414 - Conflict of interest.
4-17-414. Conflict of interest.
No officer or employee of the corporation for purpose of personal gain shall have or attempt to have, directly or indirectly, any interest in any contract or agreement of the corporation in connection with the sale or purchase of any bonds or investments of the corporation. The general assembly finds and declares, in furtherance of the public purposes set forth in § 4-17-402, that it is not deemed a violation of the provisions of this section if any member of the board of directors, or any firm owned by a member or by which a member is employed, shall participate in any program of the corporation; provided, that such participation shall be on the same terms and subject to the same conditions governing all other participants in the program.
[Acts 1995, ch. 443, § 14.]