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 § 28-12-10-1

Art. 12FORMATION OF BANKS, TRUST COMPANIES,

Ch. 10Emergency Bylaws

This text of Indiana § 28-12-10-1 (Adoption; effectiveness; management of corporation during emergency) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-12-10-1 (2026).

Text

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.