§ 72680 Auxiliary Board Information Misuse

• •If you're on the board of a group that helps an organization (like a school or hospital), you can't use secret info you learn for your own money-making.
• •Even if you leave the board later, you still can't use that secret info to make money for yourself.
• •This rule is about keeping things fair and not using special knowledge to cheat.

You're on the board of a school's fundraiser group and find out they're buying a new building. You buy the building first and sell it to them for more money.

This is breaking the law because you used secret info from the board to make money for yourself.