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Current as of January 02, 2024 | Updated by FindLaw Staff
Sec. 18. Except as otherwise provided in this chapter, the directors:
(1) shall be elected by the members at the annual meeting of the members; and
(2) may, if provided in the bylaws, be elected for terms of office that expire at different times.
A term of office may not continue for longer than three (3) years. In the absence of a provision in the bylaws for terms of office, each director, except the first board of directors, shall be elected for a term of one (1) year and hold office until the director's successor is elected and qualified. The first board of directors, as named in the articles of incorporation, shall hold office until the first annual meeting of the members.
Cite this article: FindLaw.com - Indiana Code Title 15. Agriculture and Animals § 15-12-1-18 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-15-agriculture-and-animals/in-code-sect-15-12-1-18/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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