All members of the board of trustees of each firemen's insurance and inspection fund shall serve without compensation. The board shall elect from its number a chairman and secretary who shall likewise serve without compensation. The treasurer of the city or town, or, for a fund for an unincorporated community, the county treasurer, shall act as the treasurer of the board and is custodian of all funds received as a result of the provisions of this article.

HISTORY: 1987 Act No. 155, SECTION 5 (derived from former 1976 Code SECTION 38-57-40 [1947 (45) 322; 1952 Code SECTION 37-1154; 1962 Code SECTION 37-1154; 1978 Act No. 585, SECTION 4]).