1. (a) The initial protectors may be appointed by:

   1. (1) The organizers; or
   2. (2) The founder.

2. (b) After the appointment of the initial protectors, any additional or successor protector shall be appointed:

   1. (1) In accordance with the provisions of the governing documents governing the appointment of protectors; or

   2. (2) If the governing documents do not contain any provision for the appointment of protectors, by:

      (A) The protectors; or

      (B) The court.

3. (c) Unless the certificate of formation or bylaws provide otherwise, the duration of a protector's term shall be indefinite and shall terminate only upon:

   1. (1) The protector's resignation or removal;
   2. (2) In the case of protector who is an individual, the protector's incapacity or death; or
   3. (3) In the case of a protector that is an entity, the protector's dissolution.

Source. 2017, 257:47, eff. Oct. 1, 2017. 2018, 210:7, eff. June 8, 2018.