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§ 390.358 - Conflicts of interest.

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If you are a director, officer, or employee of a State savings association, or have the power to direct its management or policies, or otherwise owe a fiduciary duty to a State savings association:

You must not advance your own personal or business interests, or those of others with whom you have a personal or business relationship, at the expense of the State savings association; and

You must, if you have an interest in a matter or transaction before the board of directors:

Disclose to the board all material nonprivileged information relevant to the board's decision on the matter or transaction, including:

The existence, nature and extent of your interests; and

The facts known to you as to the matter or transaction under consideration;

Refrain from participating in the board's discussion of the matter or transaction; and

Recuse yourself from voting on the matter or transaction (if you are a director).

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§ 390.357 - Bonds for agents.
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§ 390.359 - Corporate opportunity.