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2020 Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
Chapter 11. Voting
23-17-11-3. Member Entitled to One Vote; Membership Standing of Record in Names of Two or More Persons
Universal Citation: IN Code § 23-17-11-3 (2020)
Sec. 3. (a) Unless articles of incorporation or bylaws provide otherwise, a member is entitled to one (1) vote on each matter voted on by the members.
(b) Unless articles of incorporation or bylaws provide otherwise, if a membership stands of record in the names of at least two (2) persons, the acts of the persons with respect to voting have the following effect:
(1) If one (1) person votes, the vote binds all persons.
(2) If more than one (1) person votes, the vote shall be divided on a pro rata basis.
As added by P.L.179-1991, SEC.1.
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