Indiana Code 8-18-20-13. Vacancies on board of directors
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Terms Used In Indiana Code 8-18-20-13
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Sec. 13. If a vacancy occurs on the board of directors, the trustees shall, by a majority vote, appoint a new director to serve the remainder of the term.
As added by P.L.386-1987(ss), SEC.20.