Sec. 3. (a) A bylaw that fixes a greater than majority quorum or voting requirement for action by the board of directors may be amended or repealed: (1) if originally adopted by the shareholders, only by the shareholders; or (2) if originally adopted by the board of directors, only by the board of directors. (b) A bylaw adopted or amended by the shareholders that fixes a greater than majority quorum or voting requirement for action by the board of directors may provide that the bylaw may be amended or repealed only by a specified vote of either the shareholders or the board of directors. (c) Action by the board of directors under subsection (a)(2) to adopt or amend a bylaw that changes the quorum or voting requirement for action by the board of directors must meet the same quorum requirement and be adopted by the same vote required to take action under the quorum and voting requirement then in effect or proposed to be adopted, whichever is greater. IC 28-13-16 Chapter 16. Financial Institution Subsidiaries 28-13-16-1 "Qualifying subsidiary" defined 28-13-16-2 "Nonqualifying subsidiary" defined 28-13-16-3 "Financial institution" defined 28-13-16-4 Acquisition or establishment; powers of subsidiary 28-13-16-5 Acquiring or establishing a nonqualifying subsidiary; application 28-13-16-6 Review of notice or application; change in scope or nature of business activity of qualifying or nonqualifying subsidiary 28-13-16-7 Subsidiaries subject to examination 28-13-16-8 Rules
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