§ 23-17-3-7 — Organizational meetings

Indiana § 23-17-3-7

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 17: NONPROFIT CORPORATIONS
• Ch. 3: Organization

Text

(a) After incorporation:
(1) if initial directors are named in the articles of incorporation,
the initial directors shall hold an organizational meeting, at the
call of a majority of the directors, to complete the organization of
the corporation by:
(A) appointing officers;
(B) adopting bylaws; and
(C) carrying on any other business brought before the meeting;
and
(2) if initial directors are not named in the articles of
incorporation, the incorporator or incorporators shall hold an
organizational meeting at the call of a majority of the
incorporators:
(A) to elect directors and complete the organization of the
corporation; or
(B) to elect a board of directors who shall complete the
organization of the corporation.
(b) Action required or permitted by this article to be taken by
incorporators at an organizational meeting may be taken without a
meeting if the action taken is evidenced by at least one (1) written
consent that:
(1) describes the action taken; and
(2) is signed by each incorporator.
(c) An organizational meeting may be held in or out of Indiana.

Legislative History

As added by P.L.179-1991, SEC.1. Amended by P.L.96-1993, SEC.6.