Indiana Code 10-18-7-8. Board of trustees’ duties
Current as of: 2024 | Check for updates
|
Other versions
Sec. 8. The board of trustees of a memorial corporation shall do the following:
(2) Vote on the loans, investments, purchases, sales, and the policy and manner of conducting the affairs of the corporation.
(1) Conduct the prudential affairs of the memorial corporation.
Terms Used In Indiana Code 10-18-7-8
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(3) Keep all the money loaned, invested, or in some manner active and bring into the treasury funds to carry out the spirit and letter of this chapter.
[Pre-2003 Recodification Citation: 10-7-12-8.]
As added by P.L.2-2003, SEC.9.