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Indiana Code Title 15. Agriculture and Animals § 15-12-1-21

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 21. (a) An association may provide a fair remuneration for:

(1) the time actually spent by the association's officers and directors in the association's service;  and

(2) the service of the members of the association's executive committee and other committees.

(b) A director may not during the term of the director's office be a party to a contract for profit with the association differing in any way from the business relations accorded other members or patrons of the association.

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Cite this article: FindLaw.com - Indiana Code Title 15. Agriculture and Animals § 15-12-1-21 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-15-agriculture-and-animals/in-code-sect-15-12-1-21/

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