Indiana Statutes
§ 5-1-4-9 — Pecuniary interest of directors; transaction void
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 1 BONDS AND OTHER OBLIGATIONS·Ch. 4 Hospital Bonding Authorities
Pecuniary Interest of Director - Transaction Void.
No director shall have any pecuniary interest in any contract,
employment, purchase or sale made under the provisions of this
chapter, and any transaction made in which any director has a
pecuniary interest shall be void.
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10,
SEC.1.
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Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined