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This entry was published on 2014-09-22
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SECTION 1614
Conflicts of interest
Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 16
§ 1614. Conflicts of interest.

No member of the board or employee of a land bank shall acquire any
interest, direct or indirect, in real property of the land bank, in any
real property to be acquired by the land bank, or in any real property
to be acquired from the land bank. No member of the board or employee of
a land bank shall have any interest, direct or indirect, in any contract
or proposed contract for materials or services to be furnished or used
by a land bank. The board may adopt supplemental rules and regulations
addressing potential conflicts of interest and ethical guidelines for
members of the board and land bank employees.