1. (a) An individual is not prohibited from serving as a member of the governing board if the member:

   1. (1) has a pecuniary interest in; or

   2. (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.

2. (b) The governing board shall adopt a written conflict of interest policy that meets the requirements of subsection (a). The written conflict of interest policy may contain other requirements as determined by the board.
3. (c) A member of a governing board who violates this section or the written conflict of interest policy described in subsection (b) may be removed from the governing board by action of the board.

4. (d) The county executive may not:

   1. (1) reappoint to a governing board; or

   2. (2) appoint to a governing board;

      an individual who violates this section or the written conflict of interest policy described in subsection (b) while serving or after serving as a member of a governing board.

      [Pre-1993 Recodification Citations: 16-12-1-3(i); 16-12-1-3.1(c); 16-12-2-2(b); 16-12.1-2-2(d); 16-12.1-3-29; 16-12.1-4-3.]

As added by P.L.2-1993, SEC.5. Amended by P.L.125-2006, SEC.3.