(Emphasis added.) definition
(Emphasis added.) . [T]he term ‘direct’ means absolute, immediate, or without intervening conditions.” Declaratory Ruling 92-C. For example, “[u]nder this standard, an official could not: award a state contract to his business . . . .” Informal Request for Advisory Opinion No. 2501 (1999); see also Informal Request for Advisory Opinion No. 0813 (1992) (under § 1-85, “a board member may not vote to award a contract to a business he owns [i.e., an “associated” business]”). Here, then, if a corporate entity of which a CRDA board member is an executive officer (i.e., an “associated” business) seeks to enter a loan participation agreement (i.e., a contract) with CRDA, that board member has a substantial conflict under § 1-85 and may not take official action (vote, participate in deliberations, etc.) on the matter.
(Emphasis added.) . Under this interpretation, ▇▇▇▇▇▇ would attempt to create a $2 million reserve, $1 million of which he would receive upon liquidation and the other $1 million of which would go to the remaining minority Unit Holders. However, ▇▇▇▇▇▇'▇ interpretation is not what the proposed settlement says.
(Emphasis added.) . May,” in that context, clearly means only if the attorney chooses to do so.