§ 8-1-17.5-13 — Powers of board

Indiana § 8-1-17.5-13

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 17.5: Merger or Consolidation of Rural Electric

Text

The board of directors of the surviving
corporation or successor corporation has the power to do all things
necessary or convenient to conduct the business of the surviving
corporation or successor corporation, including the following:
(1) The power to make, alter, amend, or repeal bylaws that:
(A) concern the regulation and management of the affairs of the
surviving corporation or successor corporation; and
(B) are not inconsistent with any applicable law or with the
articles of incorporation.
(2) The power to appoint agents and employees and to fix their
compensation and the compensation of the officers of the
surviving corporation or successor corporation.
(3) The power to execute instruments.
(4) The power to delegate to one (1) or more:
(A) directors;
(B) agents; or
(C) employees;
of the surviving corporation or successor corporation the powers
and duties the board considers appropriate.
(5) The power to make the board's own rules and regulations
concerning the board's procedures.

Legislative History

As added by P.L.18-2010, SEC.1.