Sec. 3. (a) In all meetings of stockholders of a society, described in section 1 of this chapter, held for the:

(1) election of:

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(A) trustees; or

(B) directors; or

(2) purpose of expressing the will of the stockholders by vote on any question;

a stockholder is entitled to cast one (1) vote for each share the stockholder owns and has fully paid for.

     (b) A stockholder is not entitled to vote on more than ten (10) shares in a vote held under subsection (a).

[Pre-2008 Recodification Citation: 15-1-5-2.]

As added by P.L.2-2008, SEC.5.