No member of the board or employee of a land bank shall acquire any
interest, direct or indirect, in real property of the land bank, in any
real property to be acquired by the land bank, or in any real property
to be acquired from the land bank. No member of the board or employee of
a land bank shall have any interest, direct or indirect, in any contract
or proposed contract for materials or services to be furnished or used
by a land bank. The board may adopt supplemental rules and regulations
addressing potential conflicts of interest and ethical guidelines for
members of the board and land bank employees.
Structure New York Laws
NPC - Not-For-Profit Corporation
1603 - Creation and Existence.
1604 - Applicability of New York Law.
1608 - Acquisition of Property.
1609 - Disposition of Property.
1610 - Financing of Land Bank Operations.
1611 - Borrowing and Issuance of Bonds.
1612 - Public Records and Public Meetings.
1613 - Dissolution of Land Bank.
1615 - Construction, Intent and Scope.