An individual is not prohibited from serving as a member of the board of directors if the member:(1) has a pecuniary interest in; or(2) derives a profit from;a contract or purchase connected with the hospital. However, the member shall disclose the interest or profit in writing to the board and provide a copy to the state board of accounts. The member shall abstain from voting on any matter that affects the interest or profit.[Pre-1993 Recodification Citation: 16-12-18-1(b).]As added by P.L.2-1993, SEC.5.
Indiana Legal Code