Section 81-13-28 - Member or employee not to participate in matters in which he or she has pecuniary interest; penalty

A member of the board of directors or a member of the credit committee or supervisory committee or an employee of a credit union may not participate in the deliberation or the determination of a question affecting his own pecuniary interest or the pecuniary interest of a corporation, partnership or association in which he is interested. Any person who violates this section may not thereafter serve as an officer, agent or employee of a credit union.Laws, 1987, ch. 381, § 13; reenacted, Laws, 1995, ch. 374, § 16; reenacted without change, Laws, 1997, ch. 368, § 16; reenacted without change, Laws, 2001, ch. 408, § 16, eff. 7/1/2001.