Sec. 15. (a) A member's term of office terminates and the member's office becomes vacant if the member:
(1) dies;
(2) becomes disabled;
(3) resigns; or
(4) ceases to meet at least one (1) of the qualifications set forth in section 9(c) of this chapter.
(b) If a board member's office becomes vacant before expiration of the member's term of office, the board shall:
(1) certify to the producer or group of producers who nominated the member that the vacancy exists; and
(2) request nominations in accordance with section 11 of this chapter to fill the vacancy.
(c) The board shall appoint one (1) of the individuals nominated under subsection (b).
(d) An individual appointed under this section shall serve for the remainder of the unexpired term.
[Pre-2008 Recodification Citation: 15-6-4-15.]
As added by P.L.2-2008, SEC.9.