Indiana § 15-12-1-24 Board of directors; eligibility

Indiana Statutes

§ 15-12-1-24 — Board of directors; eligibility

Indiana·Art. 12 AGRICULTURAL ASSISTANCE·Ch. 1 Agricultural Cooperatives

(a)Each director must during the director's term of office be a citizen of the United States. Each director, other than a public director, must be engaged in or have a direct interest in the production of agricultural products.

(b)An association may provide in the association's bylaws that a person is not eligible for election as a director unless the person is a member or patron of the association.

(c)An association may provide in the association's bylaws that a person is not eligible for election as a director unless the person has paid any indebtedness owed by the person to the association. [Pre-2008 Recodification Citations: subsection (a) formerly 15-7-1-11(h); subsection (b) formerly 15-7-1-11(i); subsection (c) formerly 15-7-1-11(j).]

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(a) Each director must during the director's
term of office be a citizen of the United States. Each director, other
than a public director, must be engaged in or have a direct interest in
the production of agricultural products.
(b) An association may provide in the association's bylaws that a
person is not eligible for election as a director unless the person is a
member or patron of the association.
(c) An association may provide in the association's bylaws that a
person is not eligible for election as a director unless the person has
paid any indebtedness owed by the person to the association.
[Pre-2008 Recodification Citations: subsection (a) formerly
15-7-1-11(h); subsection (b) formerly 15-7-1-11(i); subsection (c)
formerly 15-7-1-11(j).]

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