5-1.5-2-5. Action by affirmative vote of three directors; effect of vacancy

IN Code § 5-1.5-2-5 (2019) (N/A)
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Sec. 5. Action may be taken by the board at a meeting by the affirmative vote of at least four (4) directors. A vacancy on the board does not impair the right of a quorum of directors to exercise the powers and perform the duties of the board.

As added by P.L.25-1984, SEC.1. Amended by P.L.38-1988, SEC.4.