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2009 New Jersey Code
TITLE 18A - EDUCATION
Section 18A:64
18A:64-32 - Board of directors;  conflict of interest;  expenses

18A:64-32.  Board of directors;  conflict of interest;  expenses
    No member of the board of directors of an auxiliary organization shall have  a financial interest in any contract or other transaction entered into by the  board of which he is a member.  Any contract or transaction entered into in  violation of this section is void.  The members of the board of directors shall  receive no compensation for their services, but shall be paid their necessary  expenses in performing their duties.

     L.1982, c. 16, s. 7, eff. April 1, 1982.
 

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