Sec. 4. (a) “Board of directors” means the person or group of persons vested with overall management of the affairs of the domestic or foreign corporation.

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Terms Used In Indiana Code 23-17-2-4

  • 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) The term does not include a person or group of persons because of powers delegated to the person or group under IC 23-17-12-1.

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

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