Indiana § 36-7-14-10 Commissioners and nonvoting advisers; pecuniary interests in property
and transactions

Indiana Statutes

§ 36-7-14-10 — Commissioners and nonvoting advisers; pecuniary interests in property and transactions

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 14 Redevelopment of Areas Needing Redevelopment

(a)A redevelopment commissioner or a nonvoting adviser appointed under section 6.1 of this chapter may not have a pecuniary interest in any contract, employment, purchase, or sale made under this chapter. However, any property required for redevelopment purposes in which a commissioner or nonvoting adviser has a pecuniary interest may be acquired, but only by gift or condemnation.

(b)A transaction made in violation of this section is void. [Pre-Local Government Recodification Citations: 18-7-7-10; 18-7-7.1-10.] As added by Acts 1981, P.L.309, SEC.33. Amended by Acts 1981, P.L.310, SEC.86; P.L.146-2008, SEC.724.

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(a) A redevelopment commissioner or a
nonvoting adviser appointed under section 6.1 of this chapter may not
have a pecuniary interest in any contract, employment, purchase, or
sale made under this chapter. However, any property required for
redevelopment purposes in which a commissioner or nonvoting adviser
has a pecuniary interest may be acquired, but only by gift or
condemnation.
(b) A transaction made in violation of this section is void.
[Pre-Local Government Recodification Citations: 18-7-7-10;
18-7-7.1-10.]
As added by Acts 1981, P.L.309, SEC.33. Amended by Acts
1981, P.L.310, SEC.86; P.L.146-2008, SEC.724.

Indiana § 36-7-14-10 (Commissioners and nonvoting advisers; pecuniary interests in property and transactions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.