Indiana Statutes
§ 5-1.5-2-5 — Action by affirmative vote of four directors; effect of vacancy
Indiana § 5-1.5-2-5
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 1.5INDIANA BOND BANK
Ch. 2Establishment and Organization
This text of Indiana § 5-1.5-2-5 (Action by affirmative vote of four directors; effect of vacancy) 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 § 5-1.5-2-5 (2026).
Text
Action may be taken by the board at a meeting
by the affirmative vote of at least four (4) directors. A vacancy on the
board does not impair the right of a quorum of directors to exercise the
powers and perform the duties of the board.
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Legislative History
As added by P.L.25-1984, SEC.1. Amended by P.L.38-1988,
SEC.4.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-1.5-2-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-1.5-2-5.