No member of the credit or supervisory committee shall receive any compensation for his services as a member of said committees; provided, however, that one (1) elected official of the board of directors may be compensated for services rendered.
Codes, 1930, § 4244; 1942, § 5405; Laws, 1924, ch. 177; Laws, 1981, ch. 330, § 1; reenacted, Laws, 1982, ch. 304, § 17; reenacted and amended, Laws, 1995, ch. 374, § 17; reenacted without change, Laws, 1997, ch. 368, § 17; reenacted without change, Laws, 2001, ch. 408, § 17, eff. 7/1/2001.