1713

No person having an economic interest, directly or indirectly, in any private enterprise to which the Corporation or a subsidiary thereof may have provided capital, or which is in competition with any of the businesses in which the Corporation or a subsidiary thereof is engaged, or to which any of these provide capital, may be appointed or may hold any executive office in the Corporation.\nViolation of the provisions of this section shall constitute a misdemeanor, punishable by a fine of not less than one hundred [dollars] ($100) nor more than five hundred dollars ($500) or by imprisonment in jail for a term of not less than one (1) month nor more than six (6) months, or by both penalties, in the discretion of the court. Such a violation shall also be a reason to dismiss the transgressor pursuant to the regulatory provisions adopted for such cases.\nHistory —May 30, 1973, No. 63, p. 282, § 13, eff. July 1, 1973.