Indiana Code 23-17-12-10. Removal of director by vote of directors; reasons set forth in articles of incorporation or in bylaws
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Sec. 10. If at the beginning of a director’s term on the board of directors articles of incorporation or bylaws provide that the director may be removed for reasons set forth in the articles of incorporation or bylaws, the board of directors may remove the director for the reasons. The director may be removed only if a majority of the directors then in office votes for the removal.
As added by P.L.179-1991, SEC.1.