16-16-819. Conflict of interest.
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/ut/title-16/chapter-16/16-16-819·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
16-16-819. Conflict of interest.
(1)The law applicable to conflicts of interest between a director of an entity organized under Title 3, Uniform Agricultural Cooperative Association Act , governs conflicts of interest between a limited cooperative association and a director or member of a committee of the board of directors.
(2)A director does not have a conflict of interest under this chapter or the organic rules solely because the director's conduct relating to the duties of the director may further the director's own interest.
Enacted by Chapter 363 , 2008 General Session