Sec. 4. No contract shall be made for the purchase or sale of any materials or supplies on behalf of said board of directors for utilities with any trustee or director, and no trustee nor director shall have any pecuniary interest in any such contract.
Ind. Code § 8-1-11.1-4
Directors or trustees; adverse interest in contracts
As added by Acts 1981, P.L.11, SEC.43.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.