Sec. 1. Unless the articles of incorporation provide otherwise, the board of directors of the corporation may adopt bylaws to be effective only in an emergency. The emergency bylaws may make all provisions necessary for managing the corporation during the emergency, including the following:
(1) Procedures for calling a meeting of the board of directors.
(2) Quorum requirements for the meeting.
(3) Designation of additional or substitute directors.
As added by P.L.14-1992, SEC.162.
Structure Indiana Code
Title 28. Financial Institutions
Article 12. Formation of Banks, Trust Companies, and Building and Loan Associations
28-12-10-1. Adoption; Effectiveness; Management of Corporation During Emergency
28-12-10-2. Continuing Effectiveness of Regular Bylaws; Termination of Emergency
28-12-10-3. Effect of Good Faith Corporate Action
28-12-10-4. Extraordinary Event Preventing Quorum; Continuation of Emergency