A.R.S. § 33-1811

Board of directors; contracts; conflict

33-1811. Board of directors; contracts; conflict
If any contract, decision or other action for compensation taken by or on behalf of the board of directors
would benefit any member of the board of directors or any person who is a parent, grandparent, spouse,
child or sibling of a member of the board of directors or a parent or spouse of any of those persons, that
member of the board of directors shall declare a conflict of interest for that issue. The member shall
declare the conflict in an open meeting of the board before the board discusses or takes action on that


issue and that member may then vote on that issue. Any contract entered into in violation of this section
is void and unenforceable.