Rule 2.59.132 - CONFLICTS OF INTEREST(1) "Interested in" means the commissioner or deputy commissioner: (a) is an officer, director, or employee of a supervised entity or an individual or person owning or controlling a supervised entity;(b) owns or deals in, directly or indirectly, the shares or obligations of a supervised entity or a person that owns or controls the supervised entity;(c) receives, directly or indirectly, any salary, fee, or compensation from a supervised entity or any officer, director, or employee of a supervised entity; or(d) is married to an individual who is employed by a supervised entity.(2) "Supervised entity" means any entity chartered or supervised by the department.(3) An investment in a mutual fund, even a proprietary mutual fund, serviced or advised by a supervised entity, does not constitute having an interest in the supervised entity.(4) Any indebtedness incurred under 32-1-212, MCA, shall be disclosed in writing annually to the commissioner. The commissioner shall disclose any indebtedness incurred under 32-1-212, MCA, in writing annually to the director of the department. (5) Any employee of the department who cannot timely pay any sum due to a supervised entity must immediately disclose that fact to the commissioner. If the commissioner cannot timely pay any sum due to a supervised entity, the commissioner must immediately disclose that fact to the director of the department.NEW,2020 MAR p. 1698, Eff.9/12/2020AUTH: 32-1-211, 32-1-212, MCA; IMP: 32-1-211, 32-1-212, MCA