Indiana § 28-13-6-7 Quorum for voting requirement for shareholders comprising voting
groups

Indiana Statutes

§ 28-13-6-7 — Quorum for voting requirement for shareholders comprising voting groups

Indiana·Art. 13 CORPORATE GOVERNANCE·Ch. 6 Voting by Shareholders

(a)If the articles of incorporation or this article provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in section 6 of this chapter.

(b)If the articles of incorporation or this article provide for voting by two (2) or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in section 6 of this chapter. A matter may be voted on by one (1) voting group even though no vote is taken by another voting group entitled to vote on the matter.

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

(a) If the articles of incorporation or this article
provide for voting by a single voting group on a matter, action on that
matter is taken when voted upon by that voting group as provided in
section 6 of this chapter.
(b) If the articles of incorporation or this article provide for voting
by two (2) or more voting groups on a matter, action on that matter is
taken only when voted upon by each of those voting groups counted
separately as provided in section 6 of this chapter. A matter may be
voted on by one (1) voting group even though no vote is taken by
another voting group entitled to vote on the matter.

Indiana § 28-13-6-7 (Quorum for voting requirement for shareholders comprising voting groups) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.