KRS 198A.210: Disclosure of conflict of interest of member, officer, or employee of the

corporation.

If any member, officer, or employee of the corporation shall be interested either directly

or indirectly, or shall be an officer or employee of or have an ownershi p interest in any

firm or corporation interested directly or indirectly in any contract with the corporation,

including any loan to any sponsor, builder, or developer, such interest shall be disclosed

to the corporation and shall be set forth in the minute s of the corporation, and the

member, officer, or employee having such interest therein shall not participate on behalf

of the corporation in the authorization of any such contract.