Sec. 5. As used in this chapter, “member” means the following:

(1) With respect to a nonstock membership association, the term means those persons admitted in accordance with the bylaws of the association.

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Terms Used In Indiana Code 15-12-1-5

(2) With respect to an association having capital stock, the term means the holders of voting stock of the association.

[Pre-2008 Recodification Citation: 15-7-1-2(b).]

As added by P.L.2-2008, SEC.3.