§ 89908. — 89908. (Enacted by Stats. 1976, Ch. 1010.)

The provisions of Section 89907 shall not be applicable if the circumstances specified in any of the following subdivisions exist:
(a)
The contract or transaction is between an auxiliary organization and a member of the governing board of that auxiliary organization.
(b)
The contract or transaction is between an auxiliary organization and a partnership or unincorporated association of which any member of the governing board of that auxiliary organization is a partner or in which he is the owner or holder, directly or indirectly, of a proprietorship interest.
(c)
The contract or transaction is between an auxiliary organization and a corporation in which any member of the governing board of that auxiliary organization is the owner or holder, directly or indirectly, of 5 percent or more of the outstanding common stock.
(d)
A member of the governing board of an auxiliary organization is interested in a contract or transaction within the meaning of Section 89906, and without first disclosing such interest to the governing board at a public meeting of the board, influences or attempts to influence another member or members of the board to enter into the contract or transaction.

Legislative History

Enacted by Stats. 1976, Ch. 1010.