Sec. 2. (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that fixes a greater quorum or voting requirement for shareholders under subsection (a) may not be adopted, amended, or repealed by the board of directors.
As added by P.L.149-1986, SEC.23.
Structure Indiana Code
Title 23. Business and Other Associations
Article 1. Indiana Business Corporation Law
Chapter 39. Amendment of Bylaws
23-1-39-1. Power of Board of Directors
23-1-39-2. Bylaws Fixing Quorum or Voting Requirements; Adoption or Amendment by Shareholders
23-1-39-3. Bylaw Fixing Greater Than Majority Quorum or Voting Requirement; Amendment or Repeal