Indiana § 28-12-10-1 Adoption; effectiveness; management of corporation during emergency

Indiana Statutes

§ 28-12-10-1 — Adoption; effectiveness; management of corporation during emergency

Indiana·Art. 12 FORMATION OF BANKS, TRUST COMPANIES,·Ch. 10 Emergency Bylaws

Unless the articles of incorporation provide otherwise, the board of directors of the corporation may adopt bylaws to be effective only in an emergency. The emergency bylaws may make all provisions necessary for managing the corporation during the emergency, including the following:

(1)Procedures for calling a meeting of the board of directors.

(2)Quorum requirements for the meeting.

(3)Designation of additional or substitute directors.

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Unless the articles of incorporation provide
otherwise, the board of directors of the corporation may adopt bylaws
to be effective only in an emergency. The emergency bylaws may make
all provisions necessary for managing the corporation during the
emergency, including the following:
(1) Procedures for calling a meeting of the board of directors.
(2) Quorum requirements for the meeting.
(3) Designation of additional or substitute directors.

Indiana § 28-12-10-1 (Adoption; effectiveness; management of corporation during emergency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.