New York Laws
Part 2
2429-F - Special Provisions Relating to Directors of the Agency.

§ 2429-f. Special provisions relating to directors of the agency. The
agency may purchase from, sell to, borrow from, loan to, contract with
or otherwise deal with any corporation, trust, association, partnership
or other entity in which any director of the agency has a financial
interest, direct or indirect, provided that (1) such interest is
disclosed to the board prior to the consummation of such transaction,
(2) such disclosure is recorded in the minutes of the agency and (3) no
director having such a financial interest may participate in any
decision affecting such transaction.

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