Sec. 2. In all cases of corporations organized after March 3, 1909, desiring to accept the provisions of this chapter, the corporation shall in its articles of association specifically set forth the number of trustees, directors, or other members of its governing or administrative board, the manner of election, their powers, and the system adopted for administering their respective funds.
Formerly: Acts 1909, c.52, s.2. As amended by P.L.34-1987, SEC.343.
Structure Indiana Code
Title 23. Business and Other Associations
Article 13. Educational Institutions
23-13-5-1. Election of Governing or Administrative Body by Board of Directors
23-13-5-2. Articles of Association; Contents
23-13-5-3. Procedure for Accepting Provisions of Chapter
23-13-5-4. Perpetual Existence; Merger
23-13-5-5. Assignment of Capital Stock of Institution to Board of Directors or Trustees
23-13-5-6. Purchasing Shares of Dissatisfied Stockholders; Determination of Value
23-13-5-7. Nonappearing Stockholders; Determination of Value of Shares