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15E.86 President.

The board shall employ a president of the corporation who shall serve at the pleasure of the board and shall receive the compensation determined by the board. The president shall not be a member of the board of directors. The president is the chief administrative and operational officer of the corporation and shall direct and supervise the administrative affairs and the general management of the corporation subject to the direction and oversight of the board. The president may employ other employees as designated by the board. The president shall provide copies of all minutes, documents, and other records of the corporation and shall provide a certificate which attests to truthfulness of the copies, if requested. Persons dealing with the corporation may rely upon the certificates. The president shall keep a record of all proceedings, documents, and papers filed with the corporation.

Section History: Recent form

83 Acts, ch 207, § 24, 93 ~ICS83, § 28.86 ~I84 Acts, ch 1164, § 2; 86 Acts, ch 1245, § 830 ~IC93, § 15E.86 ~I94 Acts, ch 1201, §18

Internal References

Referred to in § 15.108

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