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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 17. NONPROFIT CORPORATIONS
CHAPTER 7. Members; Admission; Types of Memberships; Rights and Duties
23-17-7-2. Consideration for admission
Universal Citation: IN Code § 23-17-7-2 (2018)
IC 23-17-7-2 Consideration for admission
Sec. 2. Except as provided in a corporation's articles of incorporation or bylaws, a corporation may admit members for either of the following:
(1) No consideration.
(2) Consideration determined by the board of directors.
As added by P.L.179-1991, SEC.1.
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