Sec. 1. (a) If the time and place of a directors’ meeting is fixed by: (1) bylaws; or (2) the board of directors; the meeting is a regular meeting. All other meetings are special meetings. (b) The board of directors may hold regular or special meetings inside or outside of Indiana. (c) Unless articles of […]
Sec. 1. (a) If the time and place of a directors’ meeting is fixed by: (1) bylaws; or (2) the board of directors; the meeting is a regular meeting. All other meetings are special meetings. (b) The board of directors may hold regular or special meetings inside or outside of Indiana. (c) Unless articles of […]
Sec. 2. (a) Unless articles of incorporation or bylaws provide otherwise, action required or permitted by this article to be taken at a meeting of a board of directors may be taken without a meeting if the action is taken by all members of the board of directors. The action must be evidenced by at […]
Sec. 2. (a) Unless articles of incorporation or bylaws provide otherwise, action required or permitted by this article to be taken at a meeting of a board of directors may be taken without a meeting if the action is taken by all members of the board of directors. The action must be evidenced by at […]
Sec. 3. (a) Unless articles of incorporation or bylaws provide otherwise, regular meetings of a board of directors may be held without notice of the date, time, place, or purpose of the meeting. (b) Unless articles of incorporation or bylaws provide otherwise, special meetings of the board of directors must be preceded by notice of […]
Sec. 3. (a) Unless articles of incorporation or bylaws provide otherwise, regular meetings of a board of directors may be held without notice of the date, time, place, or purpose of the meeting. (b) Unless articles of incorporation or bylaws provide otherwise, special meetings of the board of directors must be preceded by notice of […]
Sec. 4. (a) A director may waive a notice required by this article, articles of incorporation, or bylaws. Except as provided by subsection (b), the waiver must be: (1) in writing; (2) signed by the director entitled to the notice; and (3) filed with the minutes or the corporate records. (b) A director’s attendance at […]
Sec. 4. (a) A director may waive a notice required by this article, articles of incorporation, or bylaws. Except as provided by subsection (b), the waiver must be: (1) in writing; (2) signed by the director entitled to the notice; and (3) filed with the minutes or the corporate records. (b) A director’s attendance at […]
Sec. 5. (a) Except as otherwise provided in this article, articles of incorporation, or bylaws, a quorum of a board of directors consists of a majority of the directors in office immediately before a meeting begins. Articles of incorporation or bylaws may not authorize a quorum of fewer than the greater of the following: (1) […]
Sec. 5. (a) Except as otherwise provided in this article, articles of incorporation, or bylaws, a quorum of a board of directors consists of a majority of the directors in office immediately before a meeting begins. Articles of incorporation or bylaws may not authorize a quorum of fewer than the greater of the following: (1) […]
Sec. 5.5. (a) This section applies only to a mutual benefit corporation that: (1) is an electric cooperative; and (2) has at least one (1) member that is a corporation formed under IC 8-1-13. (b) A director of a mutual benefit corporation described in subsection (a) may vote in person or by proxy. (c) Unless […]
Sec. 5.5. (a) This section applies only to a mutual benefit corporation that: (1) is an electric cooperative; and (2) has at least one (1) member that is a corporation formed under IC 8-1-13. (b) A director of a mutual benefit corporation described in subsection (a) may vote in person or by proxy. (c) Unless […]
Sec. 6. (a) Unless this article, the articles of incorporation, or bylaws provide otherwise, a board of directors may create one (1) or more committees that consist of one (1) or more members of the board of directors. (b) Unless otherwise provided under this article, the creation of a committee and appointment of members to […]
Sec. 6. (a) Unless this article, the articles of incorporation, or bylaws provide otherwise, a board of directors may create one (1) or more committees that consist of one (1) or more members of the board of directors. (b) Unless otherwise provided under this article, the creation of a committee and appointment of members to […]
