Sec. 4. An emergency exists for purposes of this chapter if an extraordinary event prevents a quorum of the corporation's directors from assembling in time to deal with the business for which the meeting has been or is to be called.
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