Indiana Statutes
§ 23-17-7-4 — Rights and duties; membership classes
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 17 NONPROFIT CORPORATIONS·Ch. 7 Members; Admission; Types of Memberships; Rights
Members shall have the same rights and obligations with respect to:
(1)voting;
(2)dissolution;
(3)redemption; and
(4)transfer;
unless articles of incorporation or bylaws establish classes of
membership with different rights or obligations. Members have the
same rights and obligations with respect to any other matters, except as
set forth in or authorized by articles of incorporation or bylaws.
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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"