Indiana Code 16-23-1-6. Board of directors; conflicts of interest
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Sec. 6. An individual is not prohibited from serving as a member of the board of directors if the member:
(2) derives a profit from;
(1) has a pecuniary interest in; or
Terms Used In Indiana Code 16-23-1-6
- Contract: A legal written agreement that becomes binding when signed.
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
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: 16-12.2-5-4(e).]
As added by P.L.2-1993, SEC.6.