Indiana Code Title 15. Agriculture and Animals § 15-12-1-27

Sec. 27. (a) The officers of an association must consist of a president, one (1) or more vice presidents, a secretary, a treasurer, and other officers that may be prescribed by the bylaws.  Each officer shall be elected or appointed by the board of directors at the time, in the manner, and for the terms as the bylaws provide, subject to the following conditions:

(b) Except for the offices of the president and secretary, any two (2) or more offices may be held by the same individual.

(c) The treasurer may be a bank or depository.  If the treasurer is a bank or depository:

However, the funds of the association must be deposited only as and where authorized by the board of directors.

(d) The bylaws may provide for the election of the president and one (1) vice president by the members or their delegates at the annual meeting of the members.