Sec. 10. (a) A redevelopment commissioner or a nonvoting adviser appointed under section 6.1 of this chapter may not have a pecuniary interest in any contract, employment, purchase, or sale made under this chapter. However, any property required for redevelopment purposes in which a commissioner or nonvoting adviser has a pecuniary interest may be acquired, but only by gift or condemnation. (b) A transaction made in violation of this section is void. [Pre-Local Government Recodification Citations: 18-7-7-10; 18-7-7.1-10.]
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