Indiana § 23-1-30-7 Voting groups; method of taking action

Indiana Statutes

§ 23-1-30-7 — Voting groups; method of taking action

Indiana § 23-1-30-7

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1INDIANA BUSINESS CORPORATION LAW

Ch. 30Voting by Shareholders

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Bluebook

Ind. Code § 23-1-30-7 (2026).

Text

(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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(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.