32-1-206. Disqualification of board member -- when. A board member must be disqualified from acting upon any matter in which the member or any bank or financial institution in which the member has a direct or indirect interest is involved, competitively or otherwise.

     History: En. Sec. 8, Ch. 420, L. 1973; R.C.M. 1947, 5-614; amd. Sec. 1008, Ch. 56, L. 2009.