§ 23-5-2-6 — Officers, directors, and agents; books and records

Indiana § 23-5-2-6

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 5: OTHER BUSINESS ASSOCIATIONS
• Ch. 2: Boards of Trade, Exchanges, and Chambers of

Text

Every such corporation shall, in the manner
specified in its articles of incorporation, elect such officers, directors
and agents as may be necessary to carry into operation the objects of its
organization. It may adopt and prescribe rules and by-laws for the
government of its officers, directors, agents and members, and shall
keep a record of its proceedings, and books in which shall be kept
correct accounts of all receipts and expenditures of such corporation,
and semiannually a balance sheet containing a full, true and complete
account of all such receipts and expenditures, shall be made out, signed
by the president, attested by the clerk or secretary and recorded in a
book to be kept for that purpose, and such book, and all other books in
which the accounts of such corporation may be kept, shall be, during
business hours, open to the examination and inspection of the members
thereof, and shall keep a corporate seal, and such records or copies
thereof, duly signed by the president, and attested by the secretary or
clerk under its corporate seal, and verified by the affidavit of such
president or clerk thereto annexed, may be given and read in evidence
in any court when the interests of such corporation are concerned.
Formerly: Acts 1875, c.5, s.6.