§ 32-26-1-10

(b) The treasurer shall give a bond:(1) sufficient in penalties and securities;(2) payable to the association by its corporate name; and(3) conditioned for:(A) the faithful discharge of the treasurer's duties; and(B) the safekeeping and prompt payment, according to the order of the board of directors, of all money accessible to the treasurer.(c) A majority of the board of directors is a quorum for the transaction of business.(d) Previous notice of any regular or adjourned meeting of the directors is not necessary.[Pre-2002 Recodification Citation: 32-10-1-10.]As added by P.L.2-2002, SEC.11.