Indiana § 23-1-33-3 Number of directors; time for electing

Indiana Statutes

§ 23-1-33-3 — Number of directors; time for electing

Indiana § 23-1-33-3

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1INDIANA BUSINESS CORPORATION LAW

Ch. 33Board of Directors Generally

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Bluebook

Ind. Code § 23-1-33-3 (2026).

Text

(a)A board of directors must consist of one (1) or more individuals, with the number specified in or fixed in accordance with the articles of incorporation or bylaws.

(b)The articles of incorporation or bylaws may establish a variable range for the size of the board of directors by fixing a minimum and maximum number of directors. If a variable range is established, the number of directors may be fixed or changed from time to time, within the minimum and maximum, by the board of directors.

(c)Directors are elected at the first annual shareholders' meeting and at each annual meeting thereafter unless their terms are staggered under section 6 of this chapter.

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(a) A board of directors must consist of one (1)
or more individuals, with the number specified in or fixed in
accordance with the articles of incorporation or bylaws.
(b) The articles of incorporation or bylaws may establish a variable
range for the size of the board of directors by fixing a minimum and
maximum number of directors. If a variable range is established, the
number of directors may be fixed or changed from time to time, within
the minimum and maximum, by the board of directors.
(c) Directors are elected at the first annual shareholders' meeting
and at each annual meeting thereafter unless their terms are staggered
under section 6 of this chapter.