Sec. 4. (a) A land bank is governed by a board of at least seven (7) and at most nine (9) directors.

     (b) A director of a land bank appointed under this section must have demonstrated competency in an occupation or discipline that is relevant to the primary purpose of a land bank.

Terms Used In Indiana Code 36-7-38-4

  • 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.
     (c) Except as provided in this chapter, the term of a director of a land bank is for three (3) consecutive calendar years.

     (d) If a director of a land bank is unable to complete the director’s term, the authority that appointed the director shall appoint a successor to serve for the remainder of the incomplete term.

As added by P.L.211-2016, SEC.1.

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