Indiana § 15-12-1-23 Board of directors; vacancies

Indiana Statutes

§ 15-12-1-23 — Board of directors; vacancies

Indiana § 15-12-1-23

Art. 12AGRICULTURAL ASSISTANCE

Ch. 1Agricultural Cooperatives

This text of Indiana § 15-12-1-23 (Board of directors; vacancies) 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 § 15-12-1-23 (2026).

Text

When a vacancy on the board of directors
occurs, other than by expiration of term of office, the remaining
members of the board may fill the vacancy by a majority vote of the
remaining members, unless the bylaws provide for the election of
directors by districts. If the bylaws provide for the election of directors
by districts, the board of directors may call a special meeting of the
members in that district to fill the vacancy or may fill the vacancy as in
the case of any other vacancy. A director who is elected or appointed
by the board of directors to fill a vacancy on the board shall serve until
the next annual or special meeting of the members.
[Pre-2008 Recodification Citation: 15-7-1-11(g).]

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When a vacancy on the board of directors
occurs, other than by expiration of term of office, the remaining
members of the board may fill the vacancy by a majority vote of the
remaining members, unless the bylaws provide for the election of
directors by districts. If the bylaws provide for the election of directors
by districts, the board of directors may call a special meeting of the
members in that district to fill the vacancy or may fill the vacancy as in
the case of any other vacancy. A director who is elected or appointed
by the board of directors to fill a vacancy on the board shall serve until
the next annual or special meeting of the members.
[Pre-2008 Recodification Citation: 15-7-1-11(g).]