Indiana Code 36-9-13-13. Directors; vacancies
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Terms Used In Indiana Code 36-9-13-13
- 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.
[Pre-Local Government Recodification Citation: 19-8-4-5 part.]
As added by Acts 1981, P.L.309, SEC.86.