(a) A member of the board of directors or a member of the credit committee or supervisory committee or an employee of a credit union may not participate in the deliberation or the determination of a question affecting the person's own pecuniary interest or the pecuniary interest of a corporation, partnership, or association in which the person is interested.
(b) A person who violates (a) of this section may not thereafter serve as an officer, agent, or employee of a credit union.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 45. Alaska Credit Union Act
Sec. 06.45.010. Responsibility of commissioner.
Sec. 06.45.020. Formation of credit union.
Sec. 06.45.030. Approval of articles of incorporation and issuance of certificate of authority.
Sec. 06.45.050. Reports and examinations.
Sec. 06.45.060. Powers of a credit union; remedy for interest violations.
Sec. 06.45.080. Meetings of members.
Sec. 06.45.090. Management of credit union.
Sec. 06.45.110. Executive officers.
Sec. 06.45.120. Board of directors.
Sec. 06.45.130. Applications for membership.
Sec. 06.45.140. Powers and duties of credit committee.
Sec. 06.45.150. Loan restriction.
Sec. 06.45.170. Powers and duties of supervisory committee; suspension of committee members.
Sec. 06.45.200. Expulsion and withdrawal of members.
Sec. 06.45.210. Minors or trusts.
Sec. 06.45.220. Suspension, conditional operation, and liquidation.
Sec. 06.45.230. Exemption from taxation.
Sec. 06.45.250. Insurance of member accounts.
Sec. 06.45.260. Liquidity facility participation.
Sec. 06.45.270. Conflict of interest.
Sec. 06.45.290. Branch offices.
Sec. 06.45.295. Automated teller machines.
Sec. 06.45.300. Unauthorized conduct of credit union business.
Sec. 06.45.310. Transfer of credit union's property to preferred creditor is void.