2014 Indiana Code TITLE 23. BUSINESS AND OTHER ASSOCIATIONS ARTICLE 13. EDUCATIONAL INSTITUTIONS CHAPTER 9. SPECIAL PROVISIONS RELATING TO EDUCATIONAL TRUSTEES
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IC 23-13-9
Chapter 9. Special Provisions Relating to Educational
Trustees
IC 23-13-9-1
Board of directors; membership in church or religious
denomination designated in resolution
Sec. 1. Any university or college organized or existing as a
corporation under the provision of any special law, or special charter,
enacted or granted by the general assembly of this state, and having
a board of directors, and being a corporation having capital stock,
may, by a vote of a majority of its capital stock, at any stockholders'
meeting, whether regular or special, of the stockholders of such
corporation, by by-law or resolution enacted or adopted at such
meeting, provided that at least four-fifths (4/5) of the members of
such board of directors shall be members in good standing and full
fellowship of and in any church or religious denomination as may be
named or designated in such by-law or resolution, and in such by-law
or resolution provide that at any election of members of such board
of directors, there shall first be elected persons to the number of at
least four-fifths (4/5) of the total number of members comprising
such board in good standing and in full fellowship in such church or
denomination: Provided, That such by-law or resolution shall be
enacted or adopted by, on or before the first day of January, 1907:
And provided, further, That a certified copy of such by-law or
resolution, under the hand of the president of such university or
college, or of its board of directors, with the corporate seal of such
university or college annexed, and attested by the secretary of such
university or college, be filed with the secretary of state of the state
of Indiana within three (3) months from the date of the enacting or
adoption of such by-law or resolution, and, upon being thus filed,
such by-law or resolution shall be taken and deemed to be and as a
part of the charter of such university or college.
(Formerly: Acts 1905, c.83, s.1.)
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