Indiana Statutes

§ 28-13-15-2 — Greater quorum or voting requirements; shareholders meeting; directors prohibited from action

Indiana·Art. 13 CORPORATE GOVERNANCE·Ch. 15 Amendment of Bylaws
(a)If expressly authorized by the articles of incorporation, the shareholders may adopt or amend a bylaw that fixes a greater quorum or voting requirement for shareholders or voting groups of shareholders than is required by this article.
(b)A bylaw that fixes a greater quorum or voting requirement for shareholders under subsection (a) may not be adopted, amended, or repealed by the board of directors.

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Legislative History

As added by P.L.14-1992, SEC.163.

Nearby Sections

15
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