Indiana Code 8-18-20-20. Pecuniary interest in transactions
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Terms Used In Indiana Code 8-18-20-20
- Contract: A legal written agreement that becomes binding when signed.
- Trustee: A person or institution holding and administering property in trust.
Sec. 20. A trustee or director may not have any pecuniary interest in any contract, employment, purchase, or sale made under this chapter. Any such transaction in which a trustee or director has a pecuniary interest is void.
As added by P.L.386-1987(ss), SEC.20.