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2018 Indiana Code
TITLE 32. Property
ARTICLE 26. FENCES
CHAPTER 1. Fencing Associations
32-26-1-10. Officers of fencing association
Universal Citation: IN Code § 32-26-1-10 (2018)
IC 32-26-1-10 Officers of fencing association
Sec. 10. (a) The board of directors shall appoint a president, secretary, and treasurer.
(b) The treasurer shall give a bond:
(1) sufficient in penalties and securities;
(2) payable to the association by its corporate name; and
(3) conditioned for:
(A) the faithful discharge of the treasurer's duties; and
(B) the safekeeping and prompt payment, according to the order of the board of directors, of all money accessible to the treasurer.
(c) A majority of the board of directors is a quorum for the transaction of business.
(d) Previous notice of any regular or adjourned meeting of the directors is not necessary.
[Pre-2002 Recodification Citation: 32-10-1-10.]
As added by P.L.2-2002, SEC.11.
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