Indiana § 23-17-3-3 Articles of incorporation; optional provisions

Indiana Statutes

§ 23-17-3-3 — Articles of incorporation; optional provisions

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 17 NONPROFIT CORPORATIONS·Ch. 3 Organization

Articles of incorporation may contain the following:

(1)The purpose or purposes for which the corporation is organized, which may be either alone or in combination with other purposes.

(2)The names and addresses of the individuals who are to serve as the initial directors.

(3)Provisions not inconsistent with any law regarding the following:

(A)Management and regulation of the affairs of the corporation.

(B)Defining, limiting, and regulating the powers of the corporation, the corporation's board of directors, and members (or any class of members).

(C)The characteristics, qualifications, rights, limitations, and obligations attaching to a class of members.

(4)Any other provision that is required or allowed to be set forth in the bylaws.

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Articles of incorporation may contain the
following:
(1) The purpose or purposes for which the corporation is
organized, which may be either alone or in combination with
other purposes.
(2) The names and addresses of the individuals who are to serve
as the initial directors.
(3) Provisions not inconsistent with any law regarding the
following:
(A) Management and regulation of the affairs of the
corporation.
(B) Defining, limiting, and regulating the powers of the
corporation, the corporation's board of directors, and members
(or any class of members).
(C) The characteristics, qualifications, rights, limitations, and
obligations attaching to a class of members.
(4) Any other provision that is required or allowed to be set forth
in the bylaws.

Indiana § 23-17-3-3 (Articles of incorporation; optional provisions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.