Ind. Code § 16-22-12-2
Conflict of interest of board members
As added by P.L.2-1993, SEC.5.
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.