Sec. 1. (a) Each corporation must have a board of directors.
(b) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, the corporation's board of directors, subject to any limitation set forth in the articles of incorporation.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 9. Board of Directors Generally
28-13-9-1. Necessity of Board; Powers
28-13-9-3. Size of Board; Articles and Bylaws; Annual Election of Directors
28-13-9-4. Election of Directors; Voting Groups; Classes of Shares
28-13-9-5. Terms of Office; Vacancies; Continuation Until Qualification of Successor
28-13-9-6. Staggering Terms; Groups of Directors; Expiration of Terms
28-13-9-7. Resignation; Notice; Effective Date