Sec. 4. Members shall have the same rights and obligations with respect to:
(1) voting;
(2) dissolution;
(3) redemption; and
(4) transfer;
unless articles of incorporation or bylaws establish classes of membership with different rights or obligations. Members have the same rights and obligations with respect to any other matters, except as set forth in or authorized by articles of incorporation or bylaws.
As added by P.L.179-1991, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
Chapter 7. Members; Admission; Types of Memberships; Rights and Duties
23-17-7-1. Criteria or Procedures for Admission; Consent
23-17-7-2. Consideration for Admission
23-17-7-3. Corporations Without Members
23-17-7-4. Rights and Duties; Membership Classes
23-17-7-5. Transfer Rights; Restrictions
23-17-7-6. Liability for Acts or Debts of Corporation
23-17-7-7. Liability for Obligations; Transferee's Liability
23-17-7-8. Creditor's Proceedings; Liability of Members; Prerequisites; Intervention and Joinder
23-17-7-9. Advancements or Loans to Corporation; Return or Repayment