Sec. 18. (a) On the expiration of the term of office of a director of a public transportation corporation, the appointing authority shall appoint a director for a term of four (4) years and until the director’s successor is appointed and qualified.

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Terms Used In Indiana Code 36-9-4-18

  • 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.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
     (b) If a director leaves office before the director’s term has expired, the appointing authority shall appoint a new director to serve the remainder of the term.

[Pre-Local Government Recodification Citation: 19-5-2-12 part.]

As added by Acts 1981, P.L.309, SEC.77. Amended by P.L.127-2017, SEC.278.

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