Indiana Statutes
§ 23-17-12-12 — Removal of designated or appointed directors
(a)A designated director may be removed
by an amendment to articles of incorporation or bylaws deleting or
changing the designation.
(b)Except as provided in articles of incorporation or bylaws, an
appointed director may be removed with or without cause by the person
appointing the director. The person removing the director must do so
by giving written notice of the removal to the following:
(1)The director.
(2)The presiding officer of the board of directors or the
corporation's president or secretary.
A removal is effective when the notice is effective under this article
unless the notice specifies a future effective date.
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Legislative History
As added by P.L.179-1991, SEC.1.
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"