South Carolina Code 34-26-625. Conflicts of interest; limitation on persons with pecuniary interest
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 34-26-625
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
No director, committee member, officer, agent, or employee of the credit union shall in any manner, directly or indirectly, participate in the deliberation upon or the determination of any question affecting that person’s pecuniary interest or the pecuniary interest of any partnership, or association, other than the credit union, in which that person is directly or indirectly interested.