Public Authorities Law § 2429-f · Part 2. No title
Special provisions relating to directors of the agency
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 2429-f. Special provisions relating to directors of the agency. The agency may purchase from, sell to, borrow from, loan to, contract with or otherwise deal with any corporation, trust, association, partnership or other entity in which any director of the agency has a financial interest, direct or indirect, provided that (1) such interest is disclosed to the board prior to the consummation of such transaction, (2) such disclosure is recorded in the minutes of the agency and (3) no director having such a financial interest may participate in any decision affecting such transaction.
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA2429-F
- Text hash
- sha256 1f00e751d13f03f7bdf8c0dcce207d1c257437d2e2953bbc493300c25d55dd01
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
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