§ 54B-104. Conflicts of interest. - North Carolina Statutes

§54B‑104.  Conflicts of interest.

Each director, officer andemployee of a State association has a fundamental duty to avoid placing himselfin a position which creates, or which leads to or could lead to a conflict ofinterest or appearance of a conflict of interest having adverse effects on theinterests of members, customers or stockholders of the association, thesoundness of the association, and the provision of economical home financingfor this State. (1981, c. 282, s. 3.)