Sec. 5. (a) A member appointed by the governor under section 3(a)(2) of this chapter serves a term of four (4) years but at the pleasure of the governor.
(b) The governor may reappoint a member appointed under section 3(a)(2) of this chapter.
(c) Notwithstanding the expiration of a member's term, the member continues to serve until a successor is appointed and qualified.
As added by P.L.33-1991, SEC.56. Amended by P.L.10-2006, SEC.69 and P.L.57-2006, SEC.69; P.L.35-2010, SEC.193.
Structure Indiana Code
Title 28. Financial Institutions
Article 11. Department of Financial Institutions
Chapter 1. Establishment of the Department of Financial Institutions
28-11-1-2. Administration of Title 28
28-11-1-3. Members of Department
28-11-1-4. Oath of Office; Necessity
28-11-1-5. Term of Office; Reappointment of a Member; Service to Continue Until Successor Appointed
28-11-1-8. Officers; Election; Term of Office
28-11-1-10. Quorum; Action by Majority
28-11-1-11. Delegation of Power
28-11-1-13. Policies and Procedures
28-11-1-14. Assignments, Deeds, and Other Documents; Execution
28-11-1-15. Director's Powers; State of Emergency or Governor's Approval