Indiana § 5-10.4-3-15 Conflict of interest prohibited

Indiana Statutes

§ 5-10.4-3-15 — Conflict of interest prohibited

Indiana § 5-10.4-3-15

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.4STATE TEACHERS' RETIREMENT FUND

Ch. 3Board

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Bluebook

Ind. Code § 5-10.4-3-15 (2026).

Text

(a)Except as otherwise provided, a trustee or employee of the board may not have any direct interest in the income of an investment made by the board or may not receive any pay or emolument for services connected with any investment made by the board.

(b)The board may purchase a security or financial interest issued or owned by a:

(1)custodian bank or trust company; or

(2)subsidiary, parent corporation, or holding company of a custodian bank or trust company.

(c)A trustee or employee may not become an obligor for money loaned by or borrowed from the fund. [Pre-2006 Education Finance Recodification Citation: 21-6.1-3-18.]

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(a) Except as otherwise provided, a trustee
or employee of the board may not have any direct interest in the income
of an investment made by the board or may not receive any pay or
emolument for services connected with any investment made by the
board.
(b) The board may purchase a security or financial interest issued or
owned by a:
(1) custodian bank or trust company; or
(2) subsidiary, parent corporation, or holding company of a
custodian bank or trust company.
(c) A trustee or employee may not become an obligor for money
loaned by or borrowed from the fund.
[Pre-2006 Education Finance Recodification Citation:
21-6.1-3-18.]