Indiana Code 28-12-10-4. Extraordinary event preventing quorum; continuation of emergency
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Terms Used In Indiana Code 28-12-10-4
- 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.
Sec. 4. An emergency exists for purposes of this chapter if an extraordinary event prevents a quorum of the corporation‘s directors from assembling in time to deal with the business for which the meeting has been or is to be called.
As added by P.L.14-1992, SEC.162.