Sec. 5. An executive board member may not have a pecuniary interest in any contract, employment, purchase, or sale made under this chapter. A transaction made in which a member has such an interest is void, and the member is subject to removal as provided in this chapter.
Ind. Code § 16-23.5-2-5
Contracts; prohibition of pecuniary interest of board members
As added by P.L.2-2007, SEC.191.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.