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 Repealed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 Repealed by P.L.32-2021, SEC.74.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 […]
26-4-3-3. Board of Directors; Term; Vacancies
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 […]
26-4-3-4. Board of Directors; Quorum
Sec. 4. (a) Except as provided in subsection (b), six (6) voting members constitute a quorum. The affirmative votes of at least six (6) voting members are necessary for any action to be taken by the board. (b) A meeting may be adjourned by less than six (6) members. As added by P.L.250-1995, SEC.1. Amended […]
26-4-3-5. Board of Directors; Meetings
Sec. 5. The board shall meet at least two (2) times each year. One (1) meeting of the board must be held in July. As added by P.L.250-1995, SEC.1. Amended by P.L.75-2010, SEC.23.
26-4-3-6. Board of Directors; Notice of Meetings
Sec. 6. (a) Except as provided in subsection (b), a member of the board must be given at least five (5) days written notice of the meetings. (b) A member of the board may waive any notice required by this section or bylaws of the corporation before or after the date and time stated in […]
26-4-3-7. Board of Directors; Duties
Sec. 7. The board shall do the following: (1) Adopt rules, create forms, and establish guidelines to implement this article. (2) Collect and deposit all producer premiums authorized under IC 26-4-4-4 into the fund for investment by the board. (3) Require reports from the agency regarding the financial status of a licensee, while the board […]