Indiana § 23-1-29-7 - Fixing of record date
Full text of Indiana Indiana Code § 23-1-29-7 — Fixing of record date, with citation guidance and answers to common questions.
§ 23-1-29-7. Fixing of record date
Sec. 7. (a) The bylaws may fix or provide the manner of fixing the record date for one (1) or more voting groups in order to determine the shareholders entitled to notice of a shareholders' meeting, to demand a special meeting, to vote, or to take any other action. If the bylaws do not fix or provide for fixing a record date, the board of directors of the corporation may fix a future date as the record date.
(b) A record date fixed under this section may not be more than seventy (70) days before the meeting or action requiring a determination of shareholders.
(c) A determination of shareholders entitled to notice of or to vote at a shareholders' meeting is effective for any adjournment of the meeting unless the board of directors fixes a new record date, which it must do if the meeting is adjourned to a date more than one hundred twenty (120) days after the date fixed for the original meeting.
(d) If a court orders a meeting adjourned to a date more than one hundred twenty (120) days after the date fixed for the original meeting, it may provide that the original record date continues in effect or it may fix a new record date.
As added by P.L.149-1986, SEC.13.
IC 23-1-30Chapter 30. Voting by Shareholders
23-1-30-1Shareholders' list 23-1-30-2Shares entitled to vote 23-1-30-3Voting of shares; appointment of proxy 23-1-30-4Beneficial owners of shares; recognition procedure; disclosure procedure 23-1-30-5Acceptance of signature 23-1-30-6Voting group; quorum 23-1-30-7Voting groups; method of taking action 23-1-30-8Special voting requirements in articles of incorporation 23-1-30-9Election of directors; cumulative voting
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-1-29-7
What does Indiana Code § 23-1-29-7 cover?
Section 23-1-29-7 ("Fixing of record date") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 23-1-29-7?
A common citation format is "Indiana Code § 23-1-29-7" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 23-1-29-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.