Legislation
SECTION 2350-Q
Ownership of agency bonds prohibited
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 16
§ 2350-q. Ownership of agency bonds prohibited. No member, officer or
employee of the agency shall own or control the ownership of any bonds
of the agency; provided, however, that if any member, officer or
employee of the agency shall own or control the ownership of any bonds
of the agency on the date of appointment or employment as a member,
officer or employee, such member, officer or employee shall sell or
otherwise divest ownership of any such bonds as soon as reasonably
practicable or place such bonds in a blind trust for the period during
which such person serves as a member, officer or employee of the agency.
employee of the agency shall own or control the ownership of any bonds
of the agency; provided, however, that if any member, officer or
employee of the agency shall own or control the ownership of any bonds
of the agency on the date of appointment or employment as a member,
officer or employee, such member, officer or employee shall sell or
otherwise divest ownership of any such bonds as soon as reasonably
practicable or place such bonds in a blind trust for the period during
which such person serves as a member, officer or employee of the agency.