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 […]
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 […]
26-4-1-5.5. “Conflict of Interest”
Sec. 5.5. “Conflict of interest” means having or representing a person who has a direct or indirect financial interest in a licensee. As added by P.L.208-2021, SEC.7.
26-4-1-6. “Cooperative Agreement”
Sec. 6. “Cooperative agreement” means an agreement made by the board as may be reasonable and proper to carry out the provisions of this article. As added by P.L.250-1995, SEC.1.