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·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 17 NONPROFIT CORPORATIONS·Ch. 11 Voting

(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.

Indiana § 23-17-11-3 (Member entitled to one vote; membership standing of record in names of two or more persons) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.