Section 72679

The provisions of Section 72678 shall not be applicable if any of the following conditions are met:

(a)

The contract or transaction is between an auxiliary organization and a member of the board of directors of that auxiliary organization.

(b)

The contract or transaction is between an auxiliary organization and a partnership or unincorporated association of which any member of the governing board of that auxiliary organization is a partner or in which he or she is the owner or holder, directly or indirectly, of a proprietorship interest.

(c)

The contract or transaction is between an auxiliary organization and a corporation in which any member of the board of directors of that auxiliary organization is the owner or holder, directly or indirectly, of 5 percent or more of the outstanding common stock.

(d)

A member of the board of directors of an auxiliary organization is interested in a contract or transaction within the meaning of Section 72677, and without first disclosing such interest to the governing board at a public meeting of the board, influences or attempts to influence another member or members of the board to enter into the contract or transaction.

Location: https://www.weblaws.org/california/codes/ca_educ_code_section_72679.

Original source: https://­leginfo.­legislature.­ca.­gov/­faces/­codes_displaySection.­xhtml?lawCode=EDC&sectionNum=72679.­ External link icon (last accessed December 5, 2016).