No member, officer or employee of the authority shall either directly or indirectly be a party to or interested in any manner in any contract or agreement with the authority whereby liability or indebtedness against or to the authority is in any manner created. Any contract or agreement made in violation of the provisions of this section shall be void and no action thereon shall be maintained against the authority.

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Terms Used In West Virginia Code 31-15-27

  • Authority: means the West Virginia economic development authority. See West Virginia Code 31-15-4
  • Contract: A legal written agreement that becomes binding when signed.