Indiana Code 28-12-10-1. Adoption; effectiveness; management of corporation during emergency
Current as of: 2024 | Check for updates
|
Other versions
Sec. 1. Unless the articles of incorporation provide otherwise, the board of directors of the corporation may adopt bylaws to be effective only in an emergency. The emergency bylaws may make all provisions necessary for managing the corporation during the emergency, including the following:
(2) Quorum requirements for the meeting.
(1) Procedures for calling a meeting of the board of directors.
Terms Used In Indiana Code 28-12-10-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Quorum: The number of legislators that must be present to do business.
(3) Designation of additional or substitute directors.
As added by P.L.14-1992, SEC.162.