Indiana Statutes
§ 23-17-12-9 — Removal of director by vote of directors
A director elected by the board of directors
may be removed with or without cause by the vote of a majority of the
directors then in office, unless a greater number is set forth in articles
of incorporation or bylaws.
However, a director elected by the board of directors to fill the vacancy
of a director elected by the members may be removed without cause by
the members but not by the board of directors.
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Legislative History
As added by P.L.179-1991, SEC.1. Amended by P.L.1-1992,
SEC.118.
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"