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Opinion 88-8
… to General Municipal Law, §800(3), a municipal officer or employee has an interest in any contract with his … as a result of that contract. In addition, an officer or employee is deemed to have an interest in a contract of a … corporation of which he or she is an officer, director or employee, or a stockholder (General Municipal Law, …
https://www.osc.ny.gov/legal-opinions/opinion-88-8