Skip to main content
Find a Lawyer

Kentucky Revised Statutes Title XII. Conservation and State Development § 154.26-070.Interest in contract with authority by director, officer, or employee

Current as of January 01, 2021 | Updated by FindLaw Staff

(1) No director, officer, or employee of the authority shall be interested, directly or indirectly, or shall be an officer or employee, or have an ownership interest in any firm or corporation interested, directly or indirectly, in any contract with the authority.

(2) Should a director, officer, or employee of the authority have such an interest or be an officer or employee of or have an ownership interest in any such firm or corporation, then the director, officer, or employee of the authority shall:

(a) Disclose the interest and the office, employment, or ownership in the firm or corporation;

(b) Refrain from participating in discussions relating to any contract of the firm or corporation with the authority; and

(c) Refrain from voting or otherwise taking action on any contract or proposed contract of the authority with the firm or corporation.

(3) If any contract or agreement shall be made in violation of the provisions of this section, it shall be null and void and no action shall be maintained against the authority.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Kentucky Revised Statutes Title XII. Conservation and State Development § 154.26-070.Interest in contract with authority by director, officer, or employee - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xii-conservation-and-state-development/ky-rev-st-sect-154-26-070/

Read this complete Kentucky Revised Statutes Title XII. Conservation and State Development § 154.26-070.Interest in contract with authority by director, officer, or employee on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Kentucky Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard