Indiana § 28-13-5-3 Special meeting; corporations of 50 or fewer shareholders

Indiana Statutes

§ 28-13-5-3 — Special meeting; corporations of 50 or fewer shareholders

Indiana § 28-13-5-3

Art. 13CORPORATE GOVERNANCE

Ch. 5Meetings of Shareholders

This text of Indiana § 28-13-5-3 (Special meeting; corporations of 50 or fewer shareholders) 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 § 28-13-5-3 (2026).

Text

A corporation with not more than fifty (50) shareholders must hold a special meeting of shareholders as follows:

(1)On call of the corporation's board of directors or the person or persons, including shareholders or officers, specifically authorized to do so by the articles of incorporation or bylaws.

(2)If the holders of at least twenty-five percent (25%) of all the votes entitled to be cast on any issue proposed to be considered at the proposed special meeting sign, date, and deliver to the corporation's secretary one (1) or more written demands for the meeting describing the purpose or purposes for which the meeting is to be held.

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A corporation with not more than fifty (50)
shareholders must hold a special meeting of shareholders as follows:
(1) On call of the corporation's board of directors or the person or
persons, including shareholders or officers, specifically
authorized to do so by the articles of incorporation or bylaws.
(2) If the holders of at least twenty-five percent (25%) of all the
votes entitled to be cast on any issue proposed to be considered at
the proposed special meeting sign, date, and deliver to the
corporation's secretary one (1) or more written demands for the
meeting describing the purpose or purposes for which the meeting
is to be held.