2010 Maine Code
TITLE 20-A: EDUCATION
Chapter 226: JOB FOR MAINE'S GRADUATES
20-A §6908. Prohibited interests of officers, directors and employees
Part 3: ELEMENTARY AND SECONDARY EDUCATION
§6908. Prohibited interests of officers, directors and employees
Officers, directors or employees of the corporation or their spouses or dependent children may not receive any direct personal benefit from the activities of the corporation in assisting any private entity. This provision does not prohibit corporations or other entities with which an officer or director is associated by reasons of ownership or employment from participating in school-to-work transition activities of the corporation, provided that the ownership or employment is made known to the board of directors and, if applicable, the officer or director abstains from voting on matters relating to that participation. [1993, c. 348, §1 (NEW).]
SECTION HISTORY
1993, c. 348, §1 (NEW).
Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
