Adverse interest; forfeiture

Ind. Code § 36-2-3-8
in effect
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Sec. 8. A member of the fiscal body who purchases a bond, order, claim, or demand against the county for less than its face value shall forfeit it to the county and may not enforce it by legal action. [Pre-Local Government Recodification Citation: 17-1-24-13.] As added by Acts 1980, P.L.212, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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