Indiana Code 36-9-4-20. Compensation of directors
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Sec. 20. A director of a public transportation corporation is entitled to:
(2) reimbursement for any expenses incurred in the interest of the board of directors.
(1) compensation of not more than one thousand two hundred dollars ($1,200) annually, as determined in the budget; and
Terms Used In Indiana Code 36-9-4-20
- 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.
[Pre-Local Government Recodification Citation: 19-5-2-12 part.]
As added by Acts 1981, P.L.309, SEC.77.