23-17-12-9. Removal of director by vote of directors

IN Code § 23-17-12-9 (2019) (N/A)
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Sec. 9. A director elected by the board of directors may be removed with or without cause by the vote of a majority of the directors then in office, unless a greater number is set forth in articles of incorporation or bylaws.

However, a director elected by the board of directors to fill the vacancy of a director elected by the members may be removed without cause by the members but not by the board of directors.

As added by P.L.179-1991, SEC.1. Amended by P.L.1-1992, SEC.118.