Indiana Statutes

§ 28-12-10-4 — Extraordinary event preventing quorum; continuation of emergency

Indiana·Art. 12 FORMATION OF BANKS, TRUST COMPANIES,·Ch. 10 Emergency Bylaws
An emergency exists for purposes of this chapter if an extraordinary event prevents a quorum of the corporation's directors from assembling in time to deal with the business for which the meeting has been or is to be called.

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Legislative History

As added by P.L.14-1992, SEC.162.

Nearby Sections

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