Okla. Stat. tit. 3, § 3-543
This is the official text of Okla. Stat. tit. 3, § 3-543, part of Oklahoma’s Stat. tit. 3, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 3,." Browse the sections below, each linked to its official government source.
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Disclosure of interest in contracts — Statement by board
Official statutory text
members.
No member of the Board of Directors shall be deemed to have an
interest in any contract of the Oklahoma Space Industry Development
Authority with any person by reason of the fact that such Board
member is related to such person or is a director, officer,
employee, stockholder, partner or agent of such person. Contracts
of the Authority with any such person shall not be invalid or
unenforceable by reason of such interest, provided that each member
of the Board shall have submitted to the Board a statement of the
member’s interest in or relationship to such person prior to the
approval or authorization of the contract by the Authority. The
statement shall be maintained as part of the permanent record book
of the Authority for as long as the contract continues in effect and
for not less than one (1) year thereafter.
No member of the Board of Directors shall be deemed to have an
interest in any contract of the Oklahoma Space Industry Development
Authority with any person by reason of the fact that such Board
member is related to such person or is a director, officer,
employee, stockholder, partner or agent of such person. Contracts
of the Authority with any such person shall not be invalid or
unenforceable by reason of such interest, provided that each member
of the Board shall have submitted to the Board a statement of the
member’s interest in or relationship to such person prior to the
approval or authorization of the contract by the Authority. The
statement shall be maintained as part of the permanent record book
of the Authority for as long as the contract continues in effect and
for not less than one (1) year thereafter.
Status: in_force · Read it on the official government site
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