Indiana Code 36-9-4-21. Board of directors; officers
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Terms Used In Indiana Code 36-9-4-21
- 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.
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 21. On the first day of the first month after their appointment, and annually after that, the directors of a public transportation corporation shall elect one (1) director as chair of the board and one (1) director as secretary.
[Pre-Local Government Recodification Citation: 19-5-2-13.]
As added by Acts 1981, P.L.309, SEC.77. Amended by P.L.127-2017, SEC.279.