Indiana Code 15-14-1-5. Officers; rules; records
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Sec. 5. (a) A corporation incorporated under this chapter:
(2) may prescribe and adopt rules for the direction of its officers and members; and
(1) shall elect officers or agents necessary to carry into operation the purposes of its organization;
Terms Used In Indiana Code 15-14-1-5
- Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(3) shall keep a fair record of its proceedings and accounts in proper books.
(b) The corporation’s records or copies of the records that:
(1) are certified by the secretary or clerk of the corporation; and
(2) have affixed the corporate seal;
may be used as evidence in a court proceeding.
[Pre-2008 Recodification Citation: 15-1-2-5.]
As added by P.L.2-2008, SEC.5.