(1) As used in this section, "conflict of interest" means a circumstance where: (a) the representation of one principal or client will be directly adverse to another principal or client; or (b) there is a significant risk that the representation of one or more principals or clients will be materially limited by the lobbyist's responsibilities to: (i) another principal or client; or (ii) a personal interest of the lobbyist.

(a) the representation of one principal or client will be directly adverse to another principal or client; or

(b) there is a significant risk that the representation of one or more principals or clients will be materially limited by the lobbyist's responsibilities to: (i) another principal or client; or (ii) a personal interest of the lobbyist.

(i) another principal or client; or

(ii) a personal interest of the lobbyist.

(2) Except as provided in Subsection (3), a lobbyist may not represent a principal or client if the representation involves a conflict of interest.

(3) Notwithstanding the existence of a conflict of interest, a lobbyist may represent a principal or client if: (a) the lobbyist reasonably believes that the lobbyist will be able to provide competent and diligent representation to each principal or client; (b) the representation is not otherwise prohibited by law; (c) the representation does not require the lobbyist to assert a position on behalf of one principal or client that is opposed to the position of another principal or client represented by the lobbyist involving the same legislative issue; and (d) each affected principal or client gives informed consent to the conflict of interest in writing.

(a) the lobbyist reasonably believes that the lobbyist will be able to provide competent and diligent representation to each principal or client;

(b) the representation is not otherwise prohibited by law;

(c) the representation does not require the lobbyist to assert a position on behalf of one principal or client that is opposed to the position of another principal or client represented by the lobbyist involving the same legislative issue; and

(d) each affected principal or client gives informed consent to the conflict of interest in writing.