§ 23-17-11-4 — Quorum; increasing or decreasing quorum; vote on matter not described in notice for regular or annual meeting; votes considered present for quorum purposes

Indiana § 23-17-11-4

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 17: NONPROFIT CORPORATIONS
• Ch. 11: Voting

Text

(a) Unless this article, articles of
incorporation, or bylaws provide for a higher or lower quorum, ten
percent (10%) of the votes entitled to be cast on a matter constitutes a
quorum for action on that matter.
(b) An amendment of articles of incorporation or bylaws to decrease
the quorum for a member action may be approved by either of the
following:
(1) The members.
(2) Unless prohibited by articles of incorporation or bylaws, the
board of directors.
(c) An amendment of articles of incorporation or bylaws to increase
the quorum required for a member action must be approved by the
members.
(d) Unless at least one-third (1/3) of the voting power is present in
person or by proxy, the only matters that may be voted upon at an
annual or a regular meeting of members are those matters that are
described in the meeting notice.
(e) After a vote is represented for any purpose at a meeting, the vote
is considered present for quorum purposes for the remainder of the
meeting and for any adjournment of that meeting unless a new record
date is or must be set for that adjourned meeting.

Legislative History

As added by P.L.179-1991, SEC.1.