Sec. 5. (a) If a quorum exists, action on a matter other than the election of directors is approved if the votes cast favoring the action exceed the votes cast opposing the action unless this article, articles of incorporation, or bylaws require a greater number of affirmative votes.
(b) An amendment to articles of incorporation or bylaws to increase, decrease, or otherwise change the vote required for a member action must be approved by the members.
As added by P.L.179-1991, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
23-17-11-2. Refusal to Provide Names or Identifying Information Relating to Contributors
23-17-11-5. Voting; Approval of Actions
23-17-11-7. Election of Directors; Cumulative Voting
23-17-11-9. Acceptance or Rejection of Votes; Liability; Validity of Corporate Action