An individual is not prohibited from serving as a member of the board of directors 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.

   [Pre-1993 Recodification Citation: 16-12.2-2-1(b).]

As added by P.L.2-1993, SEC.6.