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

Indiana § 15-12-1-24

• Jurisdiction: Indiana
• Art. 12: AGRICULTURAL ASSISTANCE
• Ch. 1: Agricultural Cooperatives

Text

(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).]

Legislative History

As added by P.L.2-2008, SEC.3.