Indiana Statutes
§ 15-12-1-21 — Board of directors; payment; restrictions
Indiana § 15-12-1-21
This text of Indiana § 15-12-1-21 (Board of directors; payment; restrictions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 15-12-1-21 (2026).
Text
(a)An association may provide a fair
remuneration for:
(1)the time actually spent by the association's officers and
directors in the association's service; and
(2)the service of the members of the association's executive
committee and other committees.
(b)A director may not during the term of the director's office be a
party to a contract for profit with the association differing in any way
from the business relations accorded other members or patrons of the
association.
[Pre-2008 Recodification Citation: 15-7-1-11(e).]
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Legislative History
As added by P.L.2-2008, SEC.3.
Nearby Sections
15
§ 15-10-1-1
"Prior law"§ 15-10-1-2
Purpose of recodification§ 15-10-1-3
Statutory construction of recodification§ 15-10-1-4
Effect of recodification§ 15-10-1-5
Recodification of prior law§ 15-10-1-6
References to repealed statutes§ 15-10-1-7
References to citations§ 15-10-1-8
References to prior rules§ 15-10-1-9
References to prior law§ 15-11-1-1
Application of definitions§ 15-11-1-2
"Department"§ 15-11-1-3
"Director"§ 15-11-1-4
"Division"§ 15-11-1-5
"Secretary"§ 15-11-12-1
"Commission"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 15-12-1-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/15-12-1-21.