Sec. 1. (a) The governor shall appoint a qualified individual to be the director of the department. The appointment must be without regard to political beliefs or affiliations.
(b) The director shall take an oath of office before assuming office.
(c) The term of the director is four (4) years. However, the director serves at the pleasure of the governor during the term.
(d) The governor may reappoint the director.
(e) The governor shall fix the director's salary.
(f) The director:
(1) is the chief executive and administrative officer of the department; and
(2) has general supervision of the work of the department and each of the divisions and employees of the department;
subject to the orders and under the direction of the members.
(g) The director is entitled to receive actual and necessary travel and other expenses incurred in the performance of the director's duties.
As added by P.L.33-1991, SEC.56.
Structure Indiana Code
Title 28. Financial Institutions
Article 11. Department of Financial Institutions
Chapter 2. Organization of Department
28-11-2-1. Director; Appointment; Oath of Office; Term of Office; Salary; Duties; Expenses
28-11-2-2. Organization of Department; Divisions
28-11-2-4. Performance Bonds and Crime Policies
28-11-2-6. Conflicts of Interest; Adoption of Policies
28-11-2-6.1. Ethics Rules and Requirements; Adopting Additional Rules
28-11-2-6.2. Public Meetings; Transcribing and Preserving Damaged Records