Contracts; prohibition of pecuniary interest of board members

Ind. Code § 16-23.5-2-5
in effect
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Sec. 5. An executive board member may not have a pecuniary interest in any contract, employment, purchase, or sale made under this chapter. A transaction made in which a member has such an interest is void, and the member is subject to removal as provided in this chapter. [Pre-2007 Higher Education Recodification Citation: 20-12-30.3-5.] As added by P.L.2-2007, SEC.191.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/16Fetched: 10/17/2026

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