Indiana Code 16-23.5-2-5. Contracts; prohibition of pecuniary interest of board members
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Terms Used In Indiana Code 16-23.5-2-5
- Contract: A legal written agreement that becomes binding when signed.
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.
[Pre-2007 Higher Education Recodification Citation: 20-12-30.3-5.]
As added by P.L.2-2007, SEC.191.