Sec. 28. (a) "Voting power" means the total number of votes entitled to be cast for the election of directors at the time the determination of voting power is made.
(b) The term does not include a vote that is contingent upon the happening of a condition or an event that has not occurred at the time. If a class is entitled to vote as a class for directors, the determination of voting power of the class shall be based on the percentage of the number of directors the class is entitled to elect out of the total number of authorized directors.
As added by P.L.179-1991, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
23-17-2-1. Application of Chapter
23-17-2-2. "Approved by the Members"
23-17-2-3. "Articles of Incorporation"
23-17-2-4. "Board of Directors"
23-17-2-11. "Domestic Corporation"
23-17-2-13. "Foreign Corporation"
23-17-2-14. "Governmental Subdivision"
23-17-2-19. "Mutual Benefit Corporation"
23-17-2-21. "Principal Office"
23-17-2-23. "Public Benefit Corporation"
23-17-2-25. "Religious Corporation"