Vermont § 5b - Conflicts of interest
Full text of Vermont Vermont Statutes Online § 5b — Conflicts of interest, with citation guidance and answers to common questions.
§ 5b. Conflicts of interest
- (a) A person in the employ of or holding any official relation to any company subject
to the supervision of the Board or the Agency, or engaged in the management of a company
that is subject to the supervision of the Board or Agency, or owning stock, bonds,
or other securities in the company, or who is in any manner connected with the operation
of a company that is subject to the supervision of the Board or Agency in this State,
shall not be a member or Executive Secretary of the Board or Secretary of Transportation. (b) No person holding the office of member, Executive Secretary of the Board, or Secretary
of Transportation, either personally or in connection with a partner or agent, may: (1) render professional service for or against or make or perform any business contract
with any company subject to Board or Agency supervision, relating to the business
of the company, except contracts made with them as common carriers or in the regular
course of public service; or (2) directly or indirectly receive from a company subject to Board or Agency supervision
any commission, present, or reward. (Added 1985, No. 269 (Adj. Sess.), § 1.)
Frequently Asked Questions About Vermont § 5b
What does Vermont Statutes Online § 5b cover?
Section 5b ("Conflicts of interest") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 5b?
A common citation format is "Vermont Statutes Online § 5b" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 5b apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.