Indiana § 23-17-11-3 Member entitled to one vote; membership standing of record in names
of two or more persons

Indiana Statutes

§ 23-17-11-3 — Member entitled to one vote; membership standing of record in names of two or more persons

Indiana § 23-17-11-3

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 17NONPROFIT CORPORATIONS

Ch. 11Voting

This text of Indiana § 23-17-11-3 (Member entitled to one vote; membership standing of record in names of two or more persons) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-17-11-3 (2026).

Text

(a)Unless articles of incorporation or bylaws provide otherwise, a member is entitled to one (1) vote on each matter voted on by the members.

(b)Unless articles of incorporation or bylaws provide otherwise, if a membership stands of record in the names of at least two (2) persons, the acts of the persons with respect to voting have the following effect:

(1)If one (1) person votes, the vote binds all persons.

(2)If more than one (1) person votes, the vote shall be divided on a pro rata basis.

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(a) Unless articles of incorporation or bylaws
provide otherwise, a member is entitled to one (1) vote on each matter
voted on by the members.
(b) Unless articles of incorporation or bylaws provide otherwise, if
a membership stands of record in the names of at least two (2) persons,
the acts of the persons with respect to voting have the following effect:
(1) If one (1) person votes, the vote binds all persons.
(2) If more than one (1) person votes, the vote shall be divided on
a pro rata basis.