Legal Question in Business Law in Florida

Board Members

If a person owns a business and sits on the Board of Directors for a Local Youth Sports League, can that same person do business with the League or is that a conflict of interest? Even if sealed bids are taken?


Asked on 7/25/04, 8:05 pm

1 Answer from Attorneys
Tonia Troutwine, Esquire - Troutwine Law Group. LLC

Re: Board Members

It depends on the leagues rules, so you should try to get a copy and review them. However, in most cases a board member can do business with the entity of which it is a board member, so long as there is full disclosure of the business agreement between the league and the board member to all board members and a majority of the board members approve the business agreement.

Tonia Troutwine, Esq. 305-984-5748

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Answered on 7/26/04, 12:12 pm


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