Indiana Code 21-16-5-7. Board of directors; executive session
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Sec. 7. The board of directors of the corporation may meet in executive session to do any of the following:
(2) Discuss, prepare bids for, or respond to proposals or arrangements for raising capital or acquiring assets.
(1) Discuss negotiating strategies with respect to financing arrangements or proposals, in addition to those items listed in IC 5-14-1.5-6.1.
Terms Used In Indiana Code 21-16-5-7
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Executive session: A portion of the Senate's daily session in which it considers executive business.
(3) Discuss and prepare competitive marketing strategies.
(4) Engage in strategic planning.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(f).]
As added by P.L.2-2007, SEC.257. Amended by P.L.132-2013, SEC.5.