If the Board should have to consider a matter in which a trustee has an interest, either personal or through a family or business relation, a direct or indirect financial interest in, including, but not limited to Board decisions pertaining to the investment of any such assets that are part of the Trust’s funds, in any obligation or proprietary deposit in a bank, corporation, partnership, or any other person in which such trustee has such financial interest, such trustee must state for the record that he/she has such financial interest, and he/she shall be unable to vote or otherwise participate in said matter. None of the foregoing shall be construed as a limitation in the participation or voting rights of a trustee in matters concerning the general investment norms of the Trust’s Permanent Fund. History —Mar. 30, 2011, No. 40, § 3.4, eff. July 1, 2011.
Puerto Rico Legal Code