Indiana § 28-6.1-3-10 Quorum

Indiana Statutes

§ 28-6.1-3-10 — Quorum

Indiana § 28-6.1-3-10

Art. 6.1SAVINGS BANKS

Ch. 3The Board of Trustees of Savings Banks Organized,

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Bluebook

Ind. Code § 28-6.1-3-10 (2026).

Text

(a)A quorum of the board of a savings bank consists of at least a majority of the trustees.

(b)Except as provided in subsection (c), the president or a vice president of the board must be present for a quorum to exist. Notwithstanding subsection (c), if the number of trustees is fifteen (15) or more, a quorum must consist of at least seven (7) trustees, with the president or a vice president present.

(c)The board may provide in the bylaws that the quorum consists of more than a majority of the trustees. If the bylaws provide for a quorum of nine (9) or more trustees, the bylaws may provide that a quorum exists without the presence of the president or a vice president of the board.

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(a) A quorum of the board of a savings bank
consists of at least a majority of the trustees.
(b) Except as provided in subsection (c), the president or a vice
president of the board must be present for a quorum to exist.
Notwithstanding subsection (c), if the number of trustees is fifteen (15)
or more, a quorum must consist of at least seven (7) trustees, with the
president or a vice president present.
(c) The board may provide in the bylaws that the quorum consists
of more than a majority of the trustees. If the bylaws provide for a
quorum of nine (9) or more trustees, the bylaws may provide that a
quorum exists without the presence of the president or a vice president
of the board.