Indiana Code 8-1-13-8. Membership certificates; meetings of members
(b) Meetings of members may be held at such place as may be provided in the by-laws. An annual meeting of the members shall be held at such time as may be provided by the by-laws. Special meetings may be called by the president, by the board of directors, by a petition signed by not less than one-twentieth (1/20) of all the members, or by such other officers or persons as may be provided in the articles of incorporation or the by-laws.
Terms Used In Indiana Code 8-1-13-8
- 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.
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- Quorum: The number of legislators that must be present to do business.
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(d) Unless otherwise provided in the articles of incorporation, one-fiftieth (1/50) of the total of all the corporation’s members who either:
(1) are present in person at any meeting of members; or
(2) as authorized under subsection (f), cast votes before the date of any meeting of members;
of which meeting notice shall have been given as provided in subsection (c), shall constitute a quorum for the transaction of business at such meeting.
(e) Except as otherwise specifically provided in this chapter, a majority vote of the total number of members who either:
(1) are present in person and voting at; or
(2) as authorized under subsection (f), cast votes before the date of;
any regular meeting, or at or before the date of any special meeting of the members called for that purpose, shall be necessary for the taking of any action, adoption of any resolution, or the election of any directors, or otherwise, as the case may be. Provided, that if more than two (2) persons are running for election as a director from the same district then the person receiving the most votes shall be elected.
(f) A corporation may include a provision in the corporation’s articles of incorporation or in the corporation’s bylaws to allow any votes cast:
(1) after notice of a meeting is provided in accordance with subsection (c); and
(2) before the date of a meeting of the members;
whether cast in person, by mail, or by electronic ballot, to count toward the quorum requirement set forth in subsection (d) or toward any quorum requirement lawfully established in the corporation’s articles of incorporation or in the corporation’s bylaws.
Formerly: Acts 1935, c.175, s.8; Acts 1937, c.258, s.5. As amended by Acts 1977, P.L.102, SEC.1; P.L.171-2017, SEC.2; P.L.49-2018, SEC.1.