Indiana Statutes
§ 26-4-3-3 — Board of directors; term; vacancies
Indiana·Title 26 COMMERCIAL LAW·Art. 4 GRAIN INDEMNITY PROGRAM·Ch. 3 Indiana Grain Indemnity Corporation
(a)A member of the board appointed under
section 2(b) of this chapter:
(1)serves for a four (4) year term;
(2)is entitled to the same per diem and mileage allowances
provided by law for state employees; and
(3)may be reappointed.
(b)A vacancy created by a member described in subsection (a) shall
be filled by the appointing body of the person who created the vacancy.
The replacement board member shall fill the vacancy for the unexpired
term of the previous member.
(c)A vacancy in the membership of the board does not impair the
right of a quorum to exercise all the rights and perform all the duties of
the board and corporation.
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Legislative History
As added by P.L.250-1995, SEC.1.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability