Sec. 2. If, during the year covered by a benefit report:

(1) a benefit director:

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Terms Used In Indiana Code 23-1.3-10-2

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(A) resigned from or refused to stand for reelection to the position of benefit director; or

(B) was removed from the position of benefit director; and

(2) the benefit director furnished the benefit corporation with any written correspondence concerning the circumstances surrounding the resignation, refusal, or removal;

the benefit report must include the correspondence described in subdivision (2) as an exhibit.

As added by P.L.93-2015, SEC.3.