Indiana § 5-16-11-5.5 - Conflicts of interest; consultants
Full text of Indiana Indiana Code § 5-16-11-5.5 — Conflicts of interest; consultants, with citation guidance and answers to common questions.
§ 5-16-11-5.5. Conflicts of interest; consultants
Sec. 5.5. (a) A consultant has a conflict of interest if any of the following apply:
(1) The entity has given a gift or gifts:
(A) to the consultant, the consultant's spouse, or the consultant's unemancipated children;
(B) that have a total fair market value of more than one hundred dollars ($100); and
(C) within the preceding year.
(2) The consultant, the consultant's spouse, or the consultant's unemancipated children have an equitable or a legal interest in real property the value of which:
(A) either:
(i) is at least five thousand dollars ($5,000); or
(ii) comprises at least ten percent (10%) of the net worth of the consultant, the consultant's spouse, or the consultant's unemancipated children; and
(B) has been or would be increased or decreased if a contract were awarded to the entity.
(3) The consultant or the consultant's spouse is employed by the entity.
(4) The entity is the sole proprietorship or professional practice of the consultant or the consultant's spouse.
(5) The consultant or the consultant's spouse is a partner in the entity.
(6) The consultant or the consultant's spouse is an officer or a director of the entity.
(7) The consultant, the consultant's spouse, or the consultant's unemancipated children own stock or options to purchase stock in the entity and the stock or the options to purchase stock have a fair market value of more than ten thousand dollars ($10,000). This subdivision does not apply to the following:
(A) Time deposits or demand deposits in a financial institution.
(B) An insurance policy.
As added by P.L.52-1991, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-16-11-5.5
What does Indiana Code § 5-16-11-5.5 cover?
Section 5-16-11-5.5 ("Conflicts of interest; consultants") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 5-16-11-5.5?
A common citation format is "Indiana Code § 5-16-11-5.5" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 5-16-11-5.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.