Sec. 3. (a) A member of the board appointed under section 2(b) of this chapter:
(1) serves for a four (4) year term;
(2) is entitled to the same per diem and mileage allowances provided by law for state employees; and
(3) may be reappointed.
(b) A vacancy created by a member described in subsection (a) shall be filled by the appointing body of the person who created the vacancy. The replacement board member shall fill the vacancy for the unexpired term of the previous member.
(c) A vacancy in the membership of the board does not impair the right of a quorum to exercise all the rights and perform all the duties of the board and corporation.
As added by P.L.250-1995, SEC.1.
Structure Indiana Code
Article 4. Grain Indemnity Program
Chapter 3. Indiana Grain Indemnity Corporation
26-4-3-1. Establishment as a Public Body Corporate
26-4-3-2. Board of Directors; Establishment; Powers and Duties; Members
26-4-3-3. Board of Directors; Term; Vacancies
26-4-3-4. Board of Directors; Quorum
26-4-3-5. Board of Directors; Meetings
26-4-3-6. Board of Directors; Notice of Meetings
26-4-3-7. Board of Directors; Duties
26-4-3-8. Board of Directors; Liability
26-4-3-8.5. Conflict of Interest; Recusal
26-4-3-8.7. Violating Confidentiality Agreement