Indiana § 5-1-4-22 Interest in contracts

Indiana Statutes

§ 5-1-4-22 — Interest in contracts

Indiana § 5-1-4-22

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1BONDS AND OTHER OBLIGATIONS

Ch. 4Hospital Bonding Authorities

This text of Indiana § 5-1-4-22 (Interest in contracts) 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 § 5-1-4-22 (2026).

Text

A member, agent, or employee of an Authority
who knowingly is interested in any contract with the Authority or in the
sale of any property to the Authority commits a Class A misdemeanor.
Such contracts are void. This section does not apply to contracts for
purchases of property between an Authority and other departments,
municipalities, or subdivisions of state government.
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1.
As amended by Acts 1978, P.L.2, SEC.501.

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A member, agent, or employee of an Authority
who knowingly is interested in any contract with the Authority or in the
sale of any property to the Authority commits a Class A misdemeanor.
Such contracts are void. This section does not apply to contracts for
purchases of property between an Authority and other departments,
municipalities, or subdivisions of state government.
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1.
As amended by Acts 1978, P.L.2, SEC.501.