Ind. Code § 15-12-1-17
Board of directors; management of association
Indiana · Indiana Code Title 15 — Agriculture and Animals · Status: effective
Cite this
- Citation
- Ind. Code § 15-12-1-17, Board of directors; management of association, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1636729
- Permanent ID
ys:prov:1636729@1- SHA-256
4d4ca25479a7f7a0f3ea4b099964883de4e1d6fb95311d1122458f2aacd2ccef
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 17.
(a) The business and affairs of an association shall be managed by a board of directors of at least five (5) directors. Subject to this limitation, unless specifically provided in the articles of incorporation, the number of directors shall be fixed by the bylaws, except as to the number constituting the initial board of directors. The number constituting the initial board of directors shall be fixed by the articles of incorporation.
(b) The number of directors may be increased or decreased from time to time by amendment of the bylaws, but a decrease in the number of directors may not shorten the term of an incumbent director. In the absence of articles of incorporation or bylaws that fix the number of directors, the number of directors must be the same as stated in the articles of incorporation for the initial board of directors.