2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 1.3. BENEFIT CORPORATIONS
CHAPTER 4. Purpose of a Benefit Corporation
23-1.3-4-4. Amending articles of incorporation; specific public benefit

Universal Citation: IN Code § 23-1.3-4-4 (2018)
IC 23-1.3-4-4 Amending articles of incorporation; specific public benefit

     Sec. 4. (a) Subject to subsection (b), a benefit corporation may amend its articles of incorporation to add, amend, or delete the identification of a specific public benefit described in section 2 of this chapter.

     (b) An amendment to the articles of incorporation under subsection (a) is not effective unless the amendment is adopted by a vote of the shareholders of each class or series of shares entitled to cast at least two-thirds (2/3) of the votes that all shareholders of the class or series are entitled to cast on the amendment.

As added by P.L.93-2015, SEC.3.

 

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