MISCELLANEOUS
SECTION 10.1 MEMBERSHIP CERTIFICATES. The Board is not require to issue to any Member a certificate from the Corporation evidencing membership in the Corporation.
SECTION 10.2 NO EARNINGS. No Member shall have or receive any earning from the Corporation, except that a Member who is an officer, Director, or employee of the Corporation may receive fair and reasonable compensation and reimbursement of reasonable expenses incurred in performing the Member’s services as officer, Director, or employee of the Corporation. A Member may also receive payment of principal and interest on monies loaned or advanced to the Corporation, as provided in the Act.
SECTION 10.3 APPLICABLE LAW. This document shall be construed in accordance with the laws of the State of Indiana.
SECTION 10.4 SEVERABILITY. If one or more of the provisions of this document shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this document; and this document shall be reformed and construed as if such invalid, illegal, or unenforceable provisions had not been contained in it.
SECTION 10.5 TIME OF ESSENCE. Time is of the essence of this document.
SECTION 10.6 HEADINGS AND GENDER. Headings are reference only, and do not affect the provisions of this document. Where appropriate, the masculine gender shall include the feminine or the neuter, and the singular shall include the plural.
SECTION 10.7 COMPUTION OF TIME. In computing a time period prescribed in this document, the day of the act or event shall not be counted. All subsequent days, including intervening weekend days and holidays, shall be counted in the period. The last day of the period so computed is to be included unless it is a weekend day or a legal holiday as defined under Indiana law, in which case the period is to be extended to the next day that is not a weekend day or holiday.