Indiana Statutes
§ 23-1-33-3 — Number of directors; time for electing
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 33 Board of Directors Generally
(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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Legislative History
As added by P.L.149-1986, SEC.17.
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"