70. Every member of the governing board who has a direct or indirect interest in an enterprise that places the member’s personal interest in conflict with the interest of the school must, on pain of forfeiture of office, disclose the interest in writing to the principal, abstain from voting on any matter concerning the enterprise and avoid influencing the decision relating to it. The member must, in addition, withdraw from a meeting while the matter is discussed or voted on.
A disclosure under the first paragraph must be made at the first meeting of the governing board
(1) after a person having such an interest becomes a member of the governing board;
(2) after a member of the board acquires such an interest;
(3) during which the matter is dealt with.
1988, c. 84, s. 70; 1990, c. 78, s. 54; 1997, c. 96, s. 13.