§ 26-4-3-6 — Board of directors; notice of meetings

Indiana § 26-4-3-6

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 4: GRAIN INDEMNITY PROGRAM
• Ch. 3: Indiana Grain Indemnity Corporation

Text

(a) Except as provided in subsection (b), a
member of the board must be given at least five (5) days written notice
of the meetings.
(b) A member of the board may waive any notice required by this
section or bylaws of the corporation before or after the date and time
stated in the notice. The waiver by the board member entitled to the
notice must be in writing and be hand delivered or mailed to the
corporation for inclusion in the minutes or filing with the corporate
records.
(c) A board member's attendance at a meeting waives any objection:
(1) to the lack of a notice or a defective notice of the meeting,
unless the member at the beginning of the meeting objects to
holding the meeting or transacting business at the meeting; and
(2) to consideration of a particular matter at the meeting that is
not within the purpose or purposes described in the notice, unless
the member objects to considering the matter when it is presented.

Legislative History

As added by P.L.250-1995, SEC.1.