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.
Structure Indiana Code
Article 23.5. Medical Centers; Indiana University Hospitals
Chapter 2. Medical Center Development Agencies
16-23.5-2-1. Medical Center Development Agency; Creation
16-23.5-2-2. Medical Center Development Agency; Appointments
16-23.5-2-3. Medical Center Development Agency; Executive Board; Meetings; Bylaws; Quorum
16-23.5-2-4. Fiscal Officer; Powers of County Treasurer
16-23.5-2-5. Contracts; Prohibition of Pecuniary Interest of Board Members
16-23.5-2-6. Executive Board Powers; Actions in Compliance With Statewide Plan