Indiana Code 26-4-3-3. Board of directors; term; vacancies
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Sec. 3. (a) A member of the board appointed under section 2(b) of this chapter:
(2) is entitled to the same per diem and mileage allowances provided by law for state employees; and
(1) serves for a four (4) year term;
Terms Used In Indiana Code 26-4-3-3
- 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.
- Quorum: The number of legislators that must be present to do business.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(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.
As added by P.L.250-1995, SEC.1.