876 IAC 7-2-11 School directors

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.