Sec. 9. 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.
Structure Indiana Code
Title 5. State and Local Administration
Article 1. Bonds and Other Obligations
Chapter 4. Hospital Bonding Authorities
5-1-4-1. Declaration of Policy
5-1-4-4. Creation of Authority
5-1-4-5. Organization of Authority; Directors
5-1-4-8. Meetings; Selection of Officers; Bylaws
5-1-4-9. Pecuniary Interest of Directors; Transaction Void
5-1-4-12. Acquisition of Property
5-1-4-15. Trust Agreement to Secure Bonds
5-1-4-15.5. Loans to Participating Hospitals
5-1-4-19. Bond Proceeds and Revenues
5-1-4-20. Enforcement of Rights and Duties
5-1-4-22. Interest in Contracts
5-1-4-23. Liberal Construction