Oklahoma § 3-543 - Disclosure of interest in contracts — Statement by board

§ 3-543. Disclosure of interest in contracts — Statement by board

members.

No member of the Board of Directors shall be deemed to have an

interest in any contract of the Oklahoma Space Industry Development

Authority with any person by reason of the fact that such Board

member is related to such person or is a director, officer,

employee, stockholder, partner or agent of such person. Contracts

of the Authority with any such person shall not be invalid or

unenforceable by reason of such interest, provided that each member

of the Board shall have submitted to the Board a statement of the

member’s interest in or relationship to such person prior to the

approval or authorization of the contract by the Authority. The

statement shall be maintained as part of the permanent record book

of the Authority for as long as the contract continues in effect and

for not less than one (1) year thereafter.

Added by Laws 1999, c. 164, § 33, eff. July 1, 1999. Renumbered

from § 5233 of Title 74 by Laws 2025, c. 274, § 50, eff. July 1,

2025.