Sec. 3. An individual is not prohibited from serving as a member of the governing board 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: 16-12-17-1(b).]
As added by P.L.2-1993, SEC.5.