Indiana Statutes
§ 23-6-4-17 — Amendment of articles of incorporation
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 6 PUBLIC CORPORATIONS AND ASSOCIATIONS·Ch. 4 Indiana Business Development Credit Corporation Law
(a)Subject to subsection (b), a credit
corporation's articles of incorporation may be amended by the members
and shareholders of the corporation. The members and shareholders
shall vote on proposed amendments in the manner prescribed by
section 15 of this chapter. However, the affirmative vote of at least
two-thirds (2/3) of the votes to which each class is entitled is required
for adoption of an amendment.
(b)An amendment to the articles of incorporation that is
inconsistent with the general purposes expressed in this chapter or that
authorizes any additional class of capital stock to be issued may not be
adopted. In addition, an amendment of the articles of incorporation
that:
(1)increases the obligation of a member to make loans to the
credit corporation;
(2)makes any change in the
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Legislative History
As added by P.L.236-1985, 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"