16-16-819. Conflict of interest.
(1) The law applicable to conflicts of interest between a director of an entity organized under, governs conflicts of interest between a limited cooperative association and a director or member of a committee of the board of directors. Title 3, Uniform Agricultural Cooperative Association Act
(2) A director does not have a conflict of interest under this chapter or the organic rules solely because the director's conduct relating to the duties of the director may further the director's own interest.