I am not aware of any legal prohibition. The issue is whether the Board wants to contract with a shareholder.
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If you are properly licensed, I don't see why this would be prohibited. However, as my colleague said, there might be an issue with the board wanting to contract with a shareholder.
DISCLAIMER: Brandy A. Peeples is licensed to practice law in the State of Maryland. This answer is being provided for informational purposes only and the laws of your jurisdiction may differ. This answer based on general legal principles and is not intended for the purpose of providing specific legal advice or opinions. Under no circumstances does this answer constitute the establishment of an attorney-client relationship. For legal advice relating to your specific situation, I strongly urge you to consult with an attorney in your area. NO COMMUNICATIONS WITH ME ARE TO BE CONSTRUED AS ARISING FROM AN ATTORNEY-CLIENT RELATIONSHIP AND NO ATTORNEY-CLIENT RELATIONSHIP WILL BE ESTABLISHED WITH ME UNLESS I HAVE EXPRESSLY AGREED TO UNDERTAKE YOUR REPRESENTATION, WHICH INCLUDES THE EXECUTION OF A WRITTEN AGREEMENT OF RETAINER.
I would be concerned about a perceived conflict of interest, but if the cooperative covers itself by bidding out the job and you happen to be the one that gets the contract (and it's reasonably in line with the others), it should not be a problem.
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