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Indiana Code 23-1-30-7. Voting groups; method of taking action

Indiana Code > Title 23 > Article 1 > Chapter 30 > § 23-1-30-7. Voting groups; method of taking action


Current as of: 2009
IC 23-1-30-7
Voting groups; method of taking action
   Sec. 7. (a) If the articles of incorporation or this article provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in section 6 of this chapter.
  (b) If the articles of incorporation or this article provide for voting by two (2) or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in section 6 of this chapter. A matter may be voted on by one (1) voting group even though no vote is taken by another voting group entitled to vote on the matter.
As added by P.L.149-1986, SEC.14.

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