Indiana Statutes
§ 23-17-12-8 — Removal of director by vote of members
(a)Members may remove a director elected
by the members with or without cause unless articles of incorporation
provide otherwise.
(b)Except when otherwise provided in the articles of incorporation,
if a director is elected by:
(1)a class, chapter, or other organizational unit; or
(2)region or other geographic grouping;
the director may be removed only by the members of the class, chapter,
unit, or grouping entitled to vote.
(c)Except as provided in section 10 of this chapter, a director may
be removed under subsection (a) or (b) only if the number of votes cast
to remove the director would be sufficient to elect the director at a
meeting to elect directors.
(d)If cumulative voting is authorized, a director may not be
removed if:
(1)the number of votes; or
(2)the director was electe
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Legislative History
As added by P.L.179-1991, SEC.1. Amended by P.L.96-1993,
SEC.9.
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"