Sec. 20. A trustee or director may not have any pecuniary interest in any contract, employment, purchase, or sale made under this chapter. Any such transaction in which a trustee or director has a pecuniary interest is void.
Ind. Code § 36-9-13-20
Trustees and directors; conflicts of interest
As added by Acts 1981, P.L.309, SEC.86.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.