Indiana Statutes
§ 15-12-1-17 — Board of directors; management of association
Indiana § 15-12-1-17
This text of Indiana § 15-12-1-17 (Board of directors; management of association) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 15-12-1-17 (2026).
Text
(a)The business and affairs of an association
shall be managed by a board of directors of at least five (5) directors.
Subject to this limitation, unless specifically provided in the articles of
incorporation, the number of directors shall be fixed by the bylaws,
except as to the number constituting the initial board of directors. The
number constituting the initial board of directors shall be fixed by the
articles of incorporation.
(b)The number of directors may be increased or decreased from
time to time by amendment of the bylaws, but a decrease in the number
of directors may not shorten the term of an incumbent director. In the
absence of articles of incorporation or bylaws that fix the number of
directors, the number of directors must be the same as stated in the
articles of incorpo
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Legislative History
As added by P.L.2-2008, SEC.3.
Nearby Sections
15
§ 15-10-1-1
"Prior law"§ 15-10-1-2
Purpose of recodification§ 15-10-1-3
Statutory construction of recodification§ 15-10-1-4
Effect of recodification§ 15-10-1-5
Recodification of prior law§ 15-10-1-6
References to repealed statutes§ 15-10-1-7
References to citations§ 15-10-1-8
References to prior rules§ 15-10-1-9
References to prior law§ 15-11-1-1
Application of definitions§ 15-11-1-2
"Department"§ 15-11-1-3
"Director"§ 15-11-1-4
"Division"§ 15-11-1-5
"Secretary"§ 15-11-12-1
"Commission"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 15-12-1-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/15-12-1-17.