North Carolina General Statutes 97-132. Board of directors
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Terms Used In North Carolina General Statutes 97-132
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Association: means the North Carolina Self-Insurance Security Association established by N. See North Carolina General Statutes 97-130
- Board: means the Board of Directors of the Association established by N. See North Carolina General Statutes 97-130
- Plan: means the Plan of Operation authorized by N. See North Carolina General Statutes 97-130
The Board shall consist of not less than nine directors serving terms as established in the Plan. The directors shall be selected by the members of the Association and shall serve for three-year terms and until a successor is elected and qualified. There is no limitation on the number of terms a director may serve. Directors may be reimbursed from the assets of the Association for expenses incurred by them as directors. (1985 (Reg. Sess., 1986), c. 1013, s. 1; 1987, c. 528, s. 3; 2005-400, s. 3; 2011-196, s. 10.)