§ 21-16-721 — Conflicts of interest

Wyoming § 21-16-721

• Jurisdiction: Wyoming
• Title 21: Education
• Ch. 16: HIGHER EDUCATION GENERALLY
• Art. 7: WYOMING HIGHER EDUCATION ASSISTANCE AUTHORITY

Text

(a) The authority shall not purchase from, sell to, borrow
from, loan to, contract with or otherwise deal with any
corporation, trust, association, partnership or other entity in
which any director of the authority has a financial interest.
(b) Subject to subsection (c) of this section, this
section does not prohibit:
(i) Buying, selling or placing higher education loans
with financial institutions in which a director has a financial
interest; or
(ii) Contracting with a Wyoming corporation for the
provision of services if one (1) or more directors of the
corporation is also a member of the board.
(c) Representations specified under subsection (b) of this
section shall be adequately disclosed and any contracts or
agreements shall be commercially reasonable. Any financial
interest shall be disclosed in the minutes of the authority.