Indiana § 28-13-5-7 Action with unanimous consent of voting shareholders; notice to
nonvoting shareholders

Indiana Statutes

§ 28-13-5-7 — Action with unanimous consent of voting shareholders; notice to nonvoting shareholders

Indiana·Art. 13 CORPORATE GOVERNANCE·Ch. 5 Meetings of Shareholders

If this article requires that notice of proposed
action be given to nonvoting shareholders and the action is to be taken
by unanimous consent of the voting shareholders, the corporation must
give its nonvoting shareholders written notice of the proposed action
at least ten (10) days before the action is taken. The notice must contain
or be accompanied by the same material that under this article would
have been required to be sent to nonvoting shareholders in a notice of
meeting at which the proposed action would have been submitted to the
shareholders for action.

Free access — add to your briefcase to read the full text and ask questions with AI

If this article requires that notice of proposed
action be given to nonvoting shareholders and the action is to be taken
by unanimous consent of the voting shareholders, the corporation must
give its nonvoting shareholders written notice of the proposed action
at least ten (10) days before the action is taken. The notice must contain
or be accompanied by the same material that under this article would
have been required to be sent to nonvoting shareholders in a notice of
meeting at which the proposed action would have been submitted to the
shareholders for action.

Indiana § 28-13-5-7 (Action with unanimous consent of voting shareholders; notice to nonvoting shareholders) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.