Indiana Code
Chapter 12. Borrowing by Educational Institutions
23-13-12-2. Increase or Diminution in Number of Directors or Trustees

Sec. 2. Any such corporation may, by a vote of a majority of the board of trustees or directors, or by a vote of the stockholders at any general meeting, if it be a stock corporation, either increase or diminish the number of directors or trustees of such corporation, so that they shall not be less than five (5) nor more than twenty-one (21).
Formerly: Acts 1855, c.60, s.2.