Ind. Code ch. 21-23-4

in effect

Ind. Code § 21-23-4-1 Board; president

Sec. 1. The board of trustees shall: (1) at their first meeting after their appointment; and (2) every two (2) years thereafter; choose a president of the board of trustees. [Pre-2007 Higher Education Recodification Citation: 20-12-38-1 part.] As added by P.L.2-2007, SEC.264.

Ind. Code § 21-23-4-2 Board; election of officers

Sec. 2. The board of trustees shall: (1) at their first meeting after appointment; (2) every two (2) years thereafter; and (3) whenever a vacancy occurs; elect by ballot a secretary and treasurer. [Pre-2007 Higher Education Recodification Citation: 20-12-38-1 part.] As added by P.L.2-2007, SEC.264.

Ind. Code § 21-23-4-3 Board; restrictions on membership

Sec. 3. The secretary and the treasurer may not be members of the board of trustees. [Pre-2007 Higher Education Recodification Citation: 20-12-38-1 part.] As added by P.L.2-2007, SEC.264.

Ind. Code § 21-23-4-4 Board; compensation of officers

Sec. 4. The board of trustees shall set the compensation of the secretary and the treasurer. [Pre-2007 Higher Education Recodification Citation: 20-12-38-1 part.] As added by P.L.2-2007, SEC.264.

Ind. Code § 21-23-4-5 Treasurer; bond

Sec. 5. The treasurer shall give a bond to the state of Indiana in any sum not less than fifty thousand dollars ($50,000) for the faithful execution of the treasurer's trust, with sufficient sureties, as the board of trustees requires. [Pre-2007 Higher Education Recodification Citation: 20-12-38-1 part.] As added by P.L.2-2007, SEC.264.

Ind. Code § 21-23-4-6 Treasurer; duties

Sec. 6. The treasurer shall: (1) receive; (2) take charge of; and (3) manage, under the direction of the board of trustees; all stocks and funds belonging to Purdue University. [Pre-2007 Higher Education Recodification Citation: 20-12-38-1 part.] As added by P.L.2-2007, SEC.264.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026