Sec. 9. Pecuniary Interest of Director - Transaction Void. No director shall have any pecuniary interest in any contract, employment, purchase or sale made under the provisions of this chapter, and any transaction made in which any director has a pecuniary interest shall be void.
Ind. Code § 5-1-4-9
Pecuniary interest of directors; transaction void
Known as the Indiana Hospital Authority Act
The act spans §§ 5-1-4-1 to 5-1-4-9 (30 sections).
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.