90-3-303. Investments to board members prohibited. (1) Board members may not personally apply for or receive board funds, except as provided in 2-15-124. If an organization with which a member is affiliated applies for board funds, the member must disclose the nature of the affiliation and may not participate in the decisionmaking process of the board regarding the application.
     (2) The provisions of 2-2-201 do not apply to board members.

     History: En. Sec. 7, Ch. 701, L. 1985.