Indiana § 5-1-17.5-23 Director's interest in contracts or in sale or lease of property prohibited

Indiana Statutes

§ 5-1-17.5-23 — Director's interest in contracts or in sale or lease of property prohibited

Indiana § 5-1-17.5-23

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1BONDS AND OTHER OBLIGATIONS

Ch. 17.5Motorsports Investment District

This text of Indiana § 5-1-17.5-23 (Director's interest in contracts or in sale or lease of property prohibited) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-1-17.5-23 (2026).

Text

(a)A director of the commission who knowingly has an interest:

(1)in any contract with the commission; or

(2)in the sale or lease of any real or personal property to the commission; commits a Class A misdemeanor. All such contracts or leases are void.

(b)This section does not apply to contracts for purchases of property, real or personal, between the commission and:

(1)the authority;

(2)any political subdivision; or

(3)any department or agency of the state.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A director of the commission who
knowingly has an interest:
(1) in any contract with the commission; or
(2) in the sale or lease of any real or personal property to the
commission;
commits a Class A misdemeanor. All such contracts or leases are void.
(b) This section does not apply to contracts for purchases of
property, real or personal, between the commission and:
(1) the authority;
(2) any political subdivision; or
(3) any department or agency of the state.