Indiana Code 36-9-13-20. Trustees and directors; conflicts of interest
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Terms Used In Indiana Code 36-9-13-20
- Contract: A legal written agreement that becomes binding when signed.
- Trustee: A person or institution holding and administering property in trust.
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.
[Pre-Local Government Recodification Citation: 19-8-4-7.]
As added by Acts 1981, P.L.309, SEC.86.