- (a) The board shall hold an annual organizational meeting. It shall elect one (1) of the members vice president, another secretary, and another treasurer to perform the duties of those offices. The officers serve from the date of their election until their successors are elected and qualified.
- (b) Special meetings may be called by the president of the board.
- (c) The board may adopt the bylaws and rules that it considers necessary for the proper conduct of its duties and the safeguarding of the funds and property entrusted to its care. A majority of the members constitutes a quorum, and the concurrence of a majority of the members is necessary to authorize any action.
- (d) Subject to IC 5-14-1.5-3.6 , members of the board may participate in a meeting of the board by electronic communication.
As added by P.L.44-2026, SEC.29.