Sec. 1. (a) Each corporation must have a board of directors.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 28-13-9-1

  • 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) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, the corporation’s board of directors, subject to any limitation set forth in the articles of incorporation.

As added by P.L.14-1992, SEC.163.

  Previous section
Next section  
 Chapter 9 Contents