462

If a matter is brought before the consideration of the Board in which a trustee has a personal interest or direct or indirect pecuniary interest through a family or business relation, including, but without being limited to, decisions of the Board related to the investment of those assets that are part of the Permanent Fund, in any obligation or proprietary deposit in a bank, corporation, partnership, or any other person with whom said trustee has said pecuniary interest, he/she shall then indicate, for the record, that he/she has such pecuniary interest and shall not vote or participate in said matter. None of the above shall be construed as a prohibition of a trustee to participate or vote in matters related to the general investment norms of the Permanent Fund of the Trust. History —July 1, 1997, No. 27, § 12.