IC 16-23-5-3: Conflicts of interest

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.