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Ind. Code § 15-12-1-21

Board of directors; payment; restrictions

Indiana · Indiana Code Title 15 — Agriculture and Animals · Status: effective

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Ind. Code § 15-12-1-21, Board of directors; payment; restrictions, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1636733
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Sec. 21. (a) An association may provide a fair remuneration for: (1) the time actually spent by the association's officers and directors in the association's service; and (2) the service of the members of the association's executive committee and other committees. (b) A director may not during the term of the director's office be a party to a contract for profit with the association differing in any way from the business relations accorded other members or patrons of the association.