Alabama Statutes
§ 11-44E-163 — Financial Interest in Public Service Utility
Alabama·Title 11 Counties and Municipal Corporations·Ch. 44E Adoption of Mayor/Commission/City Manager Form of Government in Class 5 Municipalities·Art. 9 Code of Conduct and Penalties for Violations of This Chapter
No mayor or commissioner or any other official of the city, nor any employee thereof, shall be financially interested in any corporation operating any public service utility within the city; provided, however, this shall not apply to any employment or interest existing at the time of the selection or election of such mayor or commissioner or other official.
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Legislative History
(Acts 1988, No. 88-445, p. 660, §9.04.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate