Indiana Code 23-17-11-8. Election of directors; organizational unit, geographic unit, preferential voting, or other reasonable method
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Sec. 8. A corporation may provide in the corporation’s articles of incorporation or bylaws for election of directors by members or delegates:
(2) by region or other geographic unit;
(1) on the basis of a chapter or other organizational unit;
Terms Used In Indiana Code 23-17-11-8
- 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.
(3) by preferential voting; or
(4) by any other reasonable method.
As added by P.L.179-1991, SEC.1.