Ind. Code § 23-1-39-2

Current through P.L. 171-2024
Section 23-1-39-2 - Bylaws fixing quorum or voting requirements; adoption or amendment by shareholders
(a) If expressly authorized by the articles of incorporation, the shareholders may adopt or amend a bylaw that fixes a greater quorum or voting requirement for shareholders (or voting groups of shareholders) than is required by this article.
(b) A bylaw that fixes a greater quorum or voting requirement for shareholders under subsection (a) may not be adopted, amended, or repealed by the board of directors.

IC 23-1-39-2

As added by P.L. 149-1986, SEC.23.