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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
23-17-7-4. Rights and duties; membership classes
Universal Citation: IN Code § 23-17-7-4 (2018)
IC 23-17-7-4 Rights and duties; membership classes
Sec. 4. Members shall have the same rights and obligations with respect to:
(1) voting;
(2) dissolution;
(3) redemption; and
(4) transfer;
unless articles of incorporation or bylaws establish classes of membership with different rights or obligations. Members have the same rights and obligations with respect to any other matters, except as set forth in or authorized by articles of incorporation or bylaws.
As added by P.L.179-1991, SEC.1.
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