§ 27-1-8-2 — Proposal of amendment

Every amendment to the articles of
incorporation shall first be proposed by the board of directors, by the
adoption of a resolution setting forth the proposed amendment and
directing that it be submitted to a vote of the shareholders, members,
or policyholders entitled to vote in respect thereof at a designated
meeting of such shareholders, members, or policyholders which may
be an annual meeting of the shareholders, members, or policyholders
or a special meeting of the shareholders, members, or policyholders
entitled to vote in respect thereof. If the resolution shall direct that the
proposed amendment is to be submitted at an annual meeting, notice
of the submission of the proposed amendment shall be included in the
notice of such annual meeting. If the said resolution shall direct that the
proposed amendment is to be submitted to a special meeting of the
shareholders, members, or policyholders entitled to vote thereon, such
special meeting shall be called by the resolution proposing the
amendment, and notice of such meeting shall be given at the time in the
manner provided in IC 27-1-7-7.
Formerly: Acts 1935, c.162, s.102. As amended by
P.L.252-1985, SEC.33.