Indiana § 8-18-20-20 - Pecuniary interest in transactions
Full text of Indiana Indiana Code § 8-18-20-20 — Pecuniary interest in transactions, with citation guidance and answers to common questions.
§ 8-18-20-20. Pecuniary interest in transactions
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.
IC 8-18-21Chapter 21. County Toll Road Financing
8-18-21-1Application of chapter 8-18-21-2Preliminary expenses; payment; charge against bonds 8-18-21-3Powers of board of directors 8-18-21-4Counties with consolidated cities; approval 8-18-21-5Revenue bonds; issuance; source of payment 8-18-21-6Revenue bonds; resolution; interest; maturity 8-18-21-7Revenue bonds; redemption before maturity; resolution; contents; negotiable instruments 8-18-21-8Revenue bonds; execution; notice of sale; sale 8-18-21-9Temporary bonds 8-18-21-10Loans; resolutions; notice 8-18-21-11Trust indentures 8-18-21-12Proceeds of bonds or loans; application; lien 8-18-21-13Review of annual operating budget 8-18-21-14Tax exemption; property and revenue of authority 8-18-21-15Tax exemption; bonds and securities 8-18-21-16Handling and expenditure of authority money; surety bonds 8-18-21-17Contracts subject to public works statutes 8-18-21-18Public records 8-18-21-19Dissolution of authority
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-18-20-20
What does Indiana Code § 8-18-20-20 cover?
Section 8-18-20-20 ("Pecuniary interest in transactions") 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 § 8-18-20-20?
A common citation format is "Indiana Code § 8-18-20-20" (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 § 8-18-20-20 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.