Indiana Code 23-17-11-6. Vote by proxy
(b) Unless articles of incorporation or bylaws prohibit or limit proxy voting, a member may appoint a proxy to vote or otherwise act for the member by signing an appointment form:
Terms Used In Indiana Code 23-17-11-6
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
- 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.
- Proxy voting: The practice of allowing a legislator to cast a vote in committee for an absent legislator.
(2) by an attorney-in-fact.
(c) An appointment of a proxy is effective when received by the secretary or other officer or agent authorized to tabulate votes. An appointment is valid for eleven (11) months unless a shorter or longer period is expressly provided in the appointment form.
(d) An appointment of a proxy is revocable by the member.
(e) The death or incapacity of the member appointing a proxy does not affect the right of the corporation to accept the proxy’s authority unless notice of the death or incapacity is received by the secretary or other officer or agent authorized to tabulate votes before the proxy exercises the proxy’s authority under the appointment.
(f) Subject to section 8 of this chapter and to any express limitation on the proxy’s authority appearing on the face of the appointment form, a corporation may accept the proxy’s vote or other action as that of the member making the appointment.
As added by P.L.179-1991, SEC.1.