1. Every public servant authorized to sell or lease any property, or to make any contract
in his official capacity, alone or in conjunction with other public servants, who
voluntarily becomes interested individually in the sale, lease, or contract, directly
or indirectly, is guilty of a class A misdemeanor.
2. Subsection 1 shall not apply to:
a. Contracts of purchase or employment between a political subdivision and an officer
of that subdivision, if the contracts are first unanimously approved by the other
members at a meeting of the governing body of the political subdivision, and a unanimous
finding is entered in the official minutes of that body that the contract is necessary
because the services or property contracted for are not otherwise obtainable at equal
b. Sales, leases, or contracts entered into between school boards and school board
members or school officers.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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