Filed Date： 5/7/1971
Status： Precedential
Modified Date： 7/6/2016
OPINION — AG — **** LIMITATION OF DEPOSITING OF SCHOOL DISTRICT FUNDS IN CERTAIN BANKS WHERE SCHOOL BOARD MEMBER HAS AN INTEREST **** A BOARD OF EDUCATION MAY NOT USE A BANK AS ITS DEPOSITORY FOR SCHOOL DISTRICT FUNDS WHEN A MEMBER OF THE BOARD OF EDUCATION IS AN ASSISTANT CASHIER, DIRECTOR, AND SMALL SHAREHOLDER OF THE BANK SOUGHT TO BE USED AS A DEPOSITORY. CITE: 70 O.S. 1961, 4-29 [70-4-29], 62 O.S. 1961 371 [