Indiana Code 15-12-1-24. Board of directors; eligibility
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Sec. 24. (a) Each director must during the director’s term of office be a citizen of the United States. Each director, other than a public director, must be engaged in or have a direct interest in the production of agricultural products.
(b) An association may provide in the association’s bylaws that a person is not eligible for election as a director unless the person is a member or patron of the association.
Terms Used In Indiana Code 15-12-1-24
- agricultural products: includes horticultural, viticultural, forestry, dairy, livestock, grain, poultry, bee, and any other farm product. See Indiana Code 15-12-1-3
- association: means any corporation organized under or governed by this chapter. See Indiana Code 15-12-1-4
- member: means the following:
Indiana Code 15-12-1-5
- person: includes the following:
Indiana Code 15-12-1-6
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(c) An association may provide in the association’s bylaws that a person is not eligible for election as a director unless the person has paid any indebtedness owed by the person to the association.
[Pre-2008 Recodification Citations: subsection (a) formerly 15-7-1-11(h); subsection (b) formerly 15-7-1-11(i); subsection (c) formerly 15-7-1-11(j).]
As added by P.L.2-2008, SEC.3.