Sec. 7. If this article requires that notice of proposed action be given to nonvoting shareholders and the action is to be taken by unanimous consent of the voting shareholders, the corporation must give its nonvoting shareholders written notice of the proposed action at least ten (10) days before the action is taken. The notice must contain or be accompanied by the same material that under this article would have been required to be sent to nonvoting shareholders in a notice of meeting at which the proposed action would have been submitted to the shareholders for action.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 5. Meetings of Shareholders
28-13-5-1. Annual Meeting Requisites
28-13-5-2. Special Meeting; Corporations With More Than 50 Shareholders
28-13-5-3. Special Meeting; Corporations of 50 or Fewer Shareholders
28-13-5-4. Special Meeting Requisites and Procedure
28-13-5-5. Court Ordered Meeting; Requisites and Procedure
28-13-5-6. Action Taken Without Meeting; Consent of Voting Shareholders
28-13-5-7. Action With Unanimous Consent of Voting Shareholders; Notice to Nonvoting Shareholders
28-13-5-8. Notice of Annual and Special Shareholders' Meeting; Prerequisites
28-13-5-9. Adjournment of Annual or Special Shareholders' Meeting; Notice
28-13-5-10. Waiver by Shareholder Entitled to Notice of Meeting; Effect of Attendance at Meeting
28-13-5-11. Record Date; Fixing for Shareholder Meeting or Action; Adjournment by Order of Court