Indiana Code 23-17-12-11. Religious corporations; removal of directors
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Sec. 11. The articles of incorporation or bylaws of a religious corporation may do the following:
(2) Set forth the vote and procedures by which the board of directors or a person may remove with or without cause a director elected by the members or the board of directors.
(1) Limit the application of this section.
Terms Used In Indiana Code 23-17-12-11
- 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.
As added by P.L.179-1991, SEC.1.