§ 8-1-13-8 — Membership certificates; meetings of members

Indiana § 8-1-13-8

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 13: Rural Electric Membership Corporation Act

Text

(a) A corporation may issue to its members
certificates of membership and each member shall be entitled to only
one (1) vote at any regular or special meeting of the corporation.
(b) Meetings of members may be held at such place as may be
provided in the by-laws. An annual meeting of the members shall be
held at such time as may be provided by the by-laws. Special meetings
may be called by the president, by the board of directors, by a petition
signed by not less than one-twentieth (1/20) of all the members, or by
such other officers or persons as may be provided in the articles of
incorporation or the by-laws.
(c) Written, printed, or electronic notice stating the place, day and
hour of the meeting of members, and, in the case of a special meeting,
the purpose or purposes for which the meeting is called, shall be
delivered not less than ten (10) nor more than sixty (60) days before the
date of the meeting, personally, by mail, or electronically, by or at the
direction of the president or the secretary, or the officers or persons
calling the meeting, to each member of record entitled to vote at such
meeting. If mailed, such notice shall be deemed to be delivered when
deposited in the United States mails in a sealed envelope addressed to
the member at the member's address as it appears on the records of the
corporation, with postage thereon prepaid. If transmitted electronically,
the notice is considered delivered when transmitted to the electronic
mail address or other address provided by the member for electronic
communications. Notice of meetings of members may be waived in
writing.
(d) Unless otherwise provided in the articles of incorporation,
one-fiftieth (1/50) of the total of all the corporation's members who
either:
(1) are present in person at any meeting of members; or
(2) as authorized under subsection (f), cast votes before the date
of any meeting of members;
of which meeting notice shall have been given as provided in
subsection (c), shall constitute a quorum for the transaction of business
at such meeting.
(e) Except as otherwise specifically provided in this chapter, a
majority vote of the total number of members who either:
(1) are present in person and voting at; or
(2) as authorized under subsection (f), cast votes before the date
of;
any regular meeting, or at or before the date of any special meeting of
the members called for that purpose, shall be necessary for the taking
of any action, adoption of any resolution, or the election of any
directors, or otherwise, as the case may be. Provided, that if more than
two (2) persons are running for election as a director from the same
district then the person receiving the most votes shall be elected.
(f) A corporation may include a provision in the corporation's
articles of incorporation or in the corporation's bylaws to allow any
votes cast:
(1) after notice of a meeting is provided in accordance with
subsection (c); and
(2) before the date of a meeting of the members;
whether cast in person, by mail, or by electronic ballot, to count toward
the quorum requirement set forth in subsection (d) or toward any
quorum requirement lawfully established in the corporation's articles
of incorporation or in the corporation's bylaws.
Formerly: Acts 1935, c.175, s.8; Acts 1937, c.258, s.5. As
amended by Acts 1977, P.L.102, SEC.1; P.L.171-2017, SEC.2;
P.L.49-2018, SEC.1.