Minnesota Code § 471.87

PUBLIC OFFICERS, INTEREST IN CONTRACT; PENALTY.
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Except as authorized in section 123B.195 or 471.88 , a public officer who is authorized to take part in any manner in making any sale, lease, or contract in official capacity shall not voluntarily have a personal financial interest in that sale, lease, or contract or personally benefit financially therefrom. Every public officer who violates this provision is guilty of a gross misdemeanor.

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