309.145 - Directors and other officers not to be interested in contracts or profits; penalties. - Nevada Statutes

309.145  Directors and other officers not to be interested in contracts or profits; penalties.

      1.  All directors and other officers named in this chapter are prohibited from being directly or indirectly interested in any contract awarded by the board or in the profits to be derived from the contract.

      2.  For any violation of this section the director or officer is guilty of a gross misdemeanor, and shall forfeit his or her office.

      (Added to NRS by 1977, 1111)