American Samoa § 7.1445 - Conflicts of interest—Prohibited acts.
Full text of American Samoa American Samoa Code Annotated § 7.1445 — Conflicts of interest—Prohibited acts., with citation guidance and answers to common questions.
§ 7.1445. Conflicts of interest—Prohibited acts.
A member or an employee of the Board may not have any direct or indirect interest in the income, gains or profits on any investment made by the Board, or receive any pay or emolument for services in connection with any investment made by the Board. A member or an employee of the Board or an agent engaged by the Board may not become an endorser or surety or in any manner an obligor of investment made by the fund or for money loaned by or borrowed from the Fund, nor may the members, employees, or agents be held liable for actions taken in good faith and in performance of their duties. Participation as a member of the Fund is not construed to include interest, pay, or emolument within the meaning of this section. Amendments: 1986 Replaced “his” with “their”.
Source: official American Samoa text · Last verified 2026-08-27
Frequently Asked Questions About American Samoa § 7.1445
What does American Samoa Code Annotated § 7.1445 cover?
Section 7.1445 ("Conflicts of interest—Prohibited acts.") is part of the American Samoa Code Annotated, the codified statutory law of American Samoa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite American Samoa § 7.1445?
A common citation format is "American Samoa Code Annotated § 7.1445" (American Samoa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of American Samoa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the American Samoa official source linked on this page or consult a licensed American Samoa attorney.
How does American Samoa § 7.1445 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in American Samoa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in American Samoa.