US Lawyer Database

Section 3-23-2.2 – Circumstances under which state authority, board, or commission member does not derive direct benefit from or have interest in contract.

3-23-2.2. Circumstances under which state authority, board, or commission member does not derive direct benefit from or have interest in contract. A state authority, board, or commission member does not derive a direct benefit from or have an interest in a contract: (1)Based solely on the value associated with the member’s publicly-traded investments or holdings, […]

Section 3-23-1.1 – Definitions.

3-23-1.1. Definitions. Terms used in this chapter mean: (1)”Board member,” an elected or appointed member of the governing board; (2)”Cooperative education service unit,” a legal entity created pursuant to §§13-5-31 to 13-5-33, inclusive, including subcontractors, agents or assigns of the cooperative education service unit; (3)”Disgorgement,” the act of giving up on demand or by legal […]