26-4-3-8.7. Violating Confidentiality Agreement
Sec. 8.7. (a) If a board member is found to have violated the terms of a confidentiality agreement entered into under this chapter, the board member forfeits the member’s appointment to the board and shall be removed as a member of the board. (b) If a board member is suspected of violating the terms of […]
26-4-1-20. “Storage Loss”
Sec. 20. “Storage loss” means a loss to a storage depositor resulting from a failed warehouse operator not fully satisfying the warehouse operator’s storage obligation to the depositor, net of any outstanding charges against the grain. As added by P.L.250-1995, SEC.1. Amended by P.L.75-2010, SEC.20.
26-4-3-9. Powers and Duties of Corporation
Sec. 9. (a) The corporation may do or shall have any of the following: (1) Perpetual succession by its corporate name as a corporate body. (2) Adopt and make use of an official seal and alter the same at pleasure. (3) Adopt, amend, and repeal bylaws consistent with the provisions of this article for the […]
26-4-1-21. “United States Warehouse Act”
Sec. 21. “United States Warehouse Act” means the United States Warehouse Act, enacted August 11, 1916, as amended. As added by P.L.250-1995, SEC.1.
26-4-1-22. Repealed
As added by P.L.250-1995, SEC.1. Amended by P.L.173-1999, SEC.17. Repealed by P.L.75-2010, SEC.35.
26-4-1-23. “Warehouse”
Sec. 23. “Warehouse” means any building or other protected enclosure in one (1) general location that is licensed or required to be licensed under IC 26-3-7 in which grain is or may be: (1) stored for hire; (2) used for grain bank storage; or (3) used to store company owned grain; and the building or […]
26-4-1-24. “Warehouse Operator”
Sec. 24. “Warehouse operator” means a person who operates a facility or group of facilities: (1) in which grain is or may be stored for hire; or (2) that is used for grain bank storage; and that is operated under one (1) ownership and run from a single office that holds a valid license under […]
26-4-1-25. Repealed
As added by P.L.250-1995, SEC.1. Repealed by P.L.32-2021, SEC.74.
26-4-3-1. Establishment as a Public Body Corporate
Sec. 1. The Indiana grain indemnity corporation is established. The corporation is a public body corporate and politic, and though it is separate from the state, the exercise by the corporation of its powers constitutes an essential governmental function. The corporation may sue and be sued and plead and be impleaded. As added by P.L.250-1995, […]
26-4-3-2. Board of Directors; Establishment; Powers and Duties; Members
Sec. 2. (a) The corporation’s board is created. The governing powers of the corporation are vested in the board, which is composed of thirteen (13) members as described in subsections (b) and (c). (b) The board consists of the following ten (10) voting members: (1) Two (2) members appointed by the largest Indiana organization representing […]