Director's interest in contracts or in sale or lease of property

Ind. Code § 5-1-17.5-23, under Chapter 17.5. Motorsports Investment District.

Ind. Code § 5-1-17.5-23

prohibited Sec. 23. (a) A director of the commission who knowingly has an interest: (1) in any contract with the commission; or (2) in the sale or lease of any real or personal property to the commission; commits a Class A misdemeanor. All such contracts or leases are void. (b) This section does not apply to contracts for purchases of property, real or personal, between the commission and: (1) the authority; (2) any political subdivision; or (3) any department or agency of the state. As added by P.L.233-2013, SEC.5.