Indiana § 5-1.2-3-4 Vesting of powers; quorum; voting

Indiana Statutes

§ 5-1.2-3-4 — Vesting of powers; quorum; voting

Indiana § 5-1.2-3-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

This text of Indiana § 5-1.2-3-4 (Vesting of powers; quorum; voting) 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 § 5-1.2-3-4 (2026).

Text

The powers of the authority are vested in the
members. Three (3) members of the authority constitute a quorum for
the transaction of business. The affirmative vote of at least three (3)
members is necessary for any action to be taken by the authority.
Members may vote by written proxy delivered in advance to any other
member who is present at the meeting. A vacancy in the membership
of the authority does not impair the right of a quorum to exercise all
rights and perform all duties of the authority.

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The powers of the authority are vested in the
members. Three (3) members of the authority constitute a quorum for
the transaction of business. The affirmative vote of at least three (3)
members is necessary for any action to be taken by the authority.
Members may vote by written proxy delivered in advance to any other
member who is present at the meeting. A vacancy in the membership
of the authority does not impair the right of a quorum to exercise all
rights and perform all duties of the authority.