Ind. Code § 27-3-2-4
By-laws; directors
Indiana · Indiana Code Title 27 — Insurance · Status: effective
Cite this
- Citation
- Ind. Code § 27-3-2-4, By-laws; directors, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663132
- Permanent ID
ys:prov:1663132@1- SHA-256
65617f6cb196cea036a6fc35f659ac49d27a3e70ca307658d53209cebf816476
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. 4. When all the stock shall have been subscribed to as provided in this chapter, the stockholders shall adopt by-laws for the government of such company not inconsistent with the laws of the state of Indiana, naming in the by-laws the number of directors, which shall not be less than seven (7) nor more than thirteen (13), who shall manage the affairs of said company, and shall at once elect the new directors for the ensuing year, a majority of whom constitute a quorum for the transaction of business.