2003 Minnesota Statutes

     403.24 Adverse interests of board members. 

    As provided in section 471.87, no member of the board shall 
 have any personal or financial interest in any sale, lease, or 
 other contract made by the board.  Any violation of section 
 471.87 may make the sale, lease, or other contract voidable by 
 the board.  Upon conviction for a violation of section 471.87, a 
 board member is automatically disqualified from further service 
 on the board.  

    HIST: 1995 c 195 art 1 s 5; 1Sp2003 c 1 art 2 s 135