Indiana § 23-1.3-4-4 Amending articles of incorporation; specific public benefit

Indiana Statutes

§ 23-1.3-4-4 — Amending articles of incorporation; specific public benefit

Indiana § 23-1.3-4-4

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1.3BENEFIT CORPORATIONS

Ch. 4Purpose of a Benefit Corporation

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Bluebook

Ind. Code § 23-1.3-4-4 (2026).

Text

(a)Subject to subsection (b), a benefit corporation may amend its articles of incorporation to add, amend, or delete the identification of a specific public benefit described in section 2 of this chapter.

(b)An amendment to the articles of incorporation under subsection

(a)is not effective unless the amendment is adopted by a vote of the shareholders of each class or series of shares entitled to cast at least two-thirds (2/3) of the votes that all shareholders of the class or series are entitled to cast on the amendment.

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(a) Subject to subsection (b), a benefit
corporation may amend its articles of incorporation to add, amend, or
delete the identification of a specific public benefit described in section
2 of this chapter.
(b) An amendment to the articles of incorporation under subsection
(a) is not effective unless the amendment is adopted by a vote of the
shareholders of each class or series of shares entitled to cast at least
two-thirds (2/3) of the votes that all shareholders of the class or series
are entitled to cast on the amendment.