164A.210 Conflicts of interest. - Kentucky Statutes

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164A.210 Conflicts of interest. 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, 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. Effective: June 17, 1978
History: Created 1978 Ky. Acts ch. 387, sec. 21, effective June 17, 1978.