26-4-3-8. Board of Directors; Liability
Sec. 8. A member of the board or other person acting on behalf of the corporation is not personally liable for damage or injury resulting from the performance of the member’s or person’s duties under this article. As added by P.L.250-1995, SEC.1.
26-4-1-19. “Producer Premium”
Sec. 19. “Producer premium” means the amount of money charged to and collected from a producer under IC 26-4-4-4 that qualifies the producer to be a part of the grain indemnity program. As added by P.L.250-1995, SEC.1.
26-4-3-8.5. Conflict of Interest; Recusal
Sec. 8.5. If a board member reasonably believes that a conflict of interest exists with respect to the exercise of the board member’s official duties in a particular case, the board member: (1) shall disclose that a conflict of interest exists to the board and the agency; and (2) is recused from the proceeding. As […]
26-4-1-19.5. “Seed”
Sec. 19.5. “Seed”, notwithstanding IC 15-15-1, means grain set apart to be used primarily for the purpose of producing new plants. As added by P.L.173-1999, SEC.16. Amended by P.L.2-2008, SEC.68.
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 Repealed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 Repealed by P.L.75-2010, SEC.35.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 […]