LegalFix
Sign In

5-28-4-6. Quorum; proxy vote prohibited

IN Code § 5-28-4-6 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 6. (a) The following constitutes a quorum for the transaction of business by the board of the corporation:

(1) Seven (7) members, if:

(A) no additional members are appointed under section 2(c) of this chapter; or

(B) one (1) additional member is appointed under section 2(c) of this chapter.

(2) Eight (8) members, if either two (2) or three (3) additional members are appointed under section 2(c) of this chapter.

(b) The following number of affirmative votes is necessary for action to be taken by the board:

(1) The affirmative vote of at least seven (7) members, if:

(A) no additional members are appointed under section 2(c) of this chapter; or

(B) one (1) additional member is appointed under section 2(c) of this chapter.

(2) The affirmative vote of at least eight (8) members, if either two (2) or three (3) additional members are appointed under section 2(c) of this chapter.

(c) Members of the board may not vote by proxy.

As added by P.L.4-2005, SEC.34. Amended by P.L.237-2017, SEC.17.

Previous Section
5-28-4-5. Per diem and expenses
Next Section
5-28-4-7. Meetings