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Indiana Code Title 26. Commercial Law § 26-4-3-3

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

Sec. 3.  (a) A member of the board appointed under section 2(b) of this chapter:

(1) serves for a four (4) year term;

(2) is entitled to the same per diem and mileage allowances provided by law for state employees;  and

(3) may be reappointed.

(b) A vacancy created by a member described in subsection (a) shall be filled by the appointing body of the person who created the vacancy.  The replacement board member shall fill the vacancy for the unexpired term of the previous member.

(c) A vacancy in the membership of the board does not impair the right of a quorum to exercise all the rights and perform all the duties of the board and corporation.

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Cite this article: FindLaw.com - Indiana Code Title 26. Commercial Law § 26-4-3-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-26-commercial-law/in-code-sect-26-4-3-3/

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