5-28-4-1. Corporation Governed by Board
Sec. 1. The corporation shall be governed by a board. As added by P.L.4-2005, SEC.34.
5-28-4-2. Membership
Sec. 2. (a) The board is composed of the following members, none of whom may be members of the general assembly: (1) The governor. (2) Eleven (11) individuals appointed by the governor. (3) The members (if any) appointed by the governor under subsection (c). The individuals appointed under subdivision (2) and the individuals appointed under […]
5-28-4-3. Term of Office
Sec. 3. (a) The term of office of an appointed member of the board is four (4) years. (b) Each member holds office for the term of appointment and continues to serve after expiration of the appointment until a successor is appointed and qualified. A member is eligible for reappointment. (c) Members of the board […]
5-28-4-4. Chairperson
Sec. 4. (a) Except as provided by subsection (b), the governor shall serve as chairperson of the board. (b) If the governor is unable to participate as chairperson for a meeting of the board, the governor may designate a member of the board appointed under section 2(a)(2) of this chapter to serve as acting chairperson. […]
5-28-4-5. Per Diem and Expenses
Sec. 5. The members of the board are entitled to a salary per diem for attending meetings equal to the per diem provided by law for members of the general assembly. The members of the board are also entitled to receive reimbursement for traveling expenses as provided under IC 4-13-1-4 and other expenses actually incurred […]
5-28-4-6. Quorum; Proxy Vote Prohibited
Sec. 6. (a) The following constitutes a quorum for the transaction of business by the board of the corporation: (1) Seven (7) members, if: (A) no additional members are appointed under section 2(c) of this chapter; or (B) one (1) additional member is appointed under section 2(c) of this chapter. (2) Eight (8) members, if […]
5-28-4-7. Meetings
Sec. 7. Meetings of the board shall be held at the call of the chairperson or whenever any six (6) voting members request a meeting. The members shall meet at least once every three (3) months to attend to the business of the board. As added by P.L.4-2005, SEC.34.