Sec. 17. (a) “Member” means a person who, on more than one (1) occasion, has the right to vote for the election of a director under a corporation‘s articles of incorporation or bylaws.

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Terms Used In Indiana Code 23-17-2-17

  • 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) A person is not a member because of any of the following:

(1) Any rights the person has as a delegate.

(2) Any rights the person has to designate a director.

(3) Any rights the person has as a director.

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

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