54C-104. Conflicts of interest.
Each director, officer, and employee of a State savings bank has a fundamental duty to avoid placing himself in a position which creates, or which leads to or could lead to a conflict of interest or appearance of a conflict of interest having adverse effects on the interests of members, customers, or stockholders of the savings bank, soundness of the savings bank, and the purposes of this Chapter. (1991, c. 680, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 6 - Corporate Administration.
§ 54C-100 - Membership of a mutual association.
§ 54C-103 - Duties and liabilities of officers and directors to their associations.
§ 54C-104 - Conflicts of interest.
§ 54C-106 - Annual meetings notice required.