§ 10-108. Conflicts of interest -- In general

Latest version.

   (a) In general. -- The Fund Director may not:

   (1) Be an officer or director of any State or federal savings and loan association; or

   (2) Engage in any other business relating to financial institutions.

(b) Ownership of stock in member associations. --

   (1) The Fund Director may not own stock or be a depositor in any member association.

   (2) The employees of the Fund may not own stock in any member association.

(c) Penalty for violation. -- Any person who violates any provision of this section is subject to dismissal.

HISTORY: 1985, 1st Sp. Sess., ch. 6, § 3.

                    
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