Ind. Code § 28-13-6-7
Quorum for voting requirement for shareholders comprising voting groups
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Ind. Code § 28-13-6-7, Quorum for voting requirement for shareholders comprising voting groups, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1667031
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Sec. 7.
(a) If the articles of incorporation or this article provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in section 6 of this chapter.
(b) If the articles of incorporation or this article provide for voting by two (2) or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in section 6 of this chapter. A matter may be voted on by one (1) voting group even though no vote is taken by another voting group entitled to vote on the matter.