District of Columbia · D.C. Code — Title 50, Motor and Non-Motor Vehicles and Traffic
D.C. Code Title 50 § 50-2514: Conflicting relationships or interests
What this law says, in plain English
Authority board members and employees cannot have financial interests in entities doing business with the Authority, cannot deposit Authority funds in banks where they hold officer or substantial ownership positions, and cannot sell real estate to the Authority in which they have any interest. Violations void the transaction and disqualify the person.
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.