California · Public Resources Code - PRC

PRC §5567: Every director and every other officer named in this article who is, in any manner interested, directly or indirectly, in any contract awarded, or to be awarded, by the board, or in the profits to be

Misdemeanor

What this law says, in plain English

Directors and officers who have a direct or indirect financial interest in board contracts are guilty of a misdemeanor and forfeit their office upon conviction.

Read the full statutory text

Every director and every other officer named in this article who is, in any manner interested, directly or indirectly, in any contract awarded, or to be awarded, by the board, or in the profits to be derived from such a contract, is guilty of a misdemeanor, and conviction of a person under this section shall work a forfeiture of his office.

Verify at the official source: California legislative text

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