Section 876 IAC 7-2-11 - School directorsAuthority: IC 25-34.1-9-21
Affected: IC 25-34.1-5
Sec. 11.
(a) Each sponsor, upon application for sponsor approval, shall designate one (1) individual as its school director.(b) A sponsor is prohibited from hiring or retaining in its employ, a school director who: (1) has had real estate license revoked or suspended by any jurisdiction;(2) has been convicted of a crime that has a direct bearing on the individual's ability to competently be a school director, including, but not necessarily limited to, violations of real estate laws and abuse of fiduciary responsibilities; or(3) unless authorized by law, refused to appear or testify under oath at any hearing held by the commission.Filed 5/22/2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff 7/1/2014Readopted filed 11/19/2020, 9:56 a.m.: 20201216-IR-876200513RFAReadopted filed 3/21/2024, 4:07 p.m.: 20240417-IR-876230829RFA