90-8-303. Conflict of interest. (1) A capital company may not invest in any business venture in which the combined ownership of the business venture for all investors in the capital company exceeds 49% at the time of the investment decision.
     (2) A member of the investment committee of a Montana capital company or of the Montana small business investment capital company who has an interest in a venture that comes before the committee for a vote shall disclose the interest and abstain from voting on investment in the venture.

     History: En. Sec. 10, Ch. 554, L. 1983; amd. Sec. 18, Ch. 554, L. 1983; amd. Sec. 7, Ch. 124, L. 1987; amd. Sec. 11, Ch. 263, L. 1991; amd. Sec. 7, Ch. 576, L. 1991.