Sec. 1. (a) Unless otherwise provided in articles of incorporation or bylaws, a corporation must have a president, a secretary, a treasurer, and other officers appointed by the board of directors.

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Terms Used In Indiana Code 23-17-14-1

  • 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.
     (b) Bylaws or a board of directors must delegate to one (1) of the officers the responsibility for the following:

(1) Preparing minutes of the director’s and members’ meetings.

(2) Authenticating records of the corporation.

     (c) An individual may simultaneously hold more than one (1) office in a corporation.

As added by P.L.179-1991, SEC.1.

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