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Indiana Code Title 23. Business and Other Associations § 23-17-18-1

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 1. (a) A board of directors may amend or repeal a corporation's bylaws unless:

(1) articles of incorporation;

(2) bylaws;  or

(3) this article;

provide otherwise, subject to approval required under IC 23-17-17-1.  However, until the directors have been chosen, the incorporators have power to amend or repeal the bylaws.  This section is subject to the class voting rules under section 2 of this chapter.

(b) The corporation must provide notice of any meeting of directors at which an amendment is to be approved.  The notice must do the following:

(1) Be in accordance with IC 23-17-15-3.

(2) State that the purpose of the meeting is to consider a proposed amendment to the bylaws.

(3) Contain or be accompanied by a copy or summary of the amendment or state the general nature of the amendment.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-17-18-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-17-18-1/

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