Indiana Statutes
§ 23-1-30-7 — Voting groups; method of taking action
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 30 Voting by Shareholders
(a)If the articles of incorporation or this article
provide for voting by a single voting group on a matter, action on that
matter is taken when voted upon by that voting group as provided in
section 6 of this chapter.
(b)If the articles of incorporation or this article provide for voting
by two (2) or more voting groups on a matter, action on that matter is
taken only when voted upon by each of those voting groups counted
separately as provided in section 6 of this chapter. A matter may be
voted on by one (1) voting group even though no vote is taken by
another voting group entitled to vote on the matter.
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Legislative History
As added by P.L.149-1986, SEC.14.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"