Indiana Code Title 23. Business and Other Associations § 23-13-20-6

Sec. 6. (a) The board of trustees has full power to elect in the manner and for the time it deems expedient, a president of the university, together with the professors and instructors necessary to form an efficient faculty for the instruction of the various courses taught.  The courses shall be arranged and determined by the trustees in conjunction with the faculty and the university senate.

(b) A professor or instructor may not be elected by the board of trustees except upon nomination of the president of the university.  The trustees and faculty shall fix the rate of tuition and fees to be paid by the students.

(c) The ex officio members of the board of trustees have the rights, privileges, and duties of the elected trustees, including the right to vote.  Except for the president of the university, a member of the board may not be a member of the faculty.  If an elected member of the board becomes a member of the faculty, the member is removed from the board.  The vacancy shall be filled by the board of trustees until the next regular election.