Current with changes from the 2024 Legislative Session
Section 10-109 - Conflicts of interest - Other prohibited activities(a) Except as provided in subsection (b) of this section, the Fund Director and employees of the Fund may not: (1) Become indebted to any member association; or(2) Engage or be interested in the sale of securities of or in the negotiation of loans for others to or with any member association.(b) This section does not apply to a loan that a member association makes to a depositor if the loan is less than the amount of the deposit.(c) Any person who violates any provision of this section is subject to dismissal.