Indiana Code 15-12-1-20. Board of directors; appointment
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Sec. 20. One (1) or more directors may be appointed by any public official or commission or by the other directors elected by the members or their delegates. Directors appointed as provided in this section:
(2) may not total more than one-fifth (1/5) of the entire number of directors.
(1) shall represent primarily the interest of the general public in the association, but have the same powers and rights as other directors; and
Terms Used In Indiana Code 15-12-1-20
- association: means any corporation organized under or governed by this chapter. See Indiana Code 15-12-1-4
[Pre-2008 Recodification Citation: 15-7-1-11(d).]
As added by P.L.2-2008, SEC.3.