Indiana § 27-3-2-4 - By-laws; directors

Full text of Indiana Indiana Code § 27-3-2-4 — By-laws; directors, with citation guidance and answers to common questions.

§ 27-3-2-4. By-laws; directors

Sec. 4. When all the stock shall have been subscribed to as provided in this chapter, the stockholders shall adopt by-laws for the government of such company not inconsistent with the laws of the state of Indiana, naming in the by-laws the number of directors, which shall not be less than seven (7) nor more than thirteen (13), who shall manage the affairs of said company, and shall at once elect the new directors for the ensuing year, a majority of whom constitute a quorum for the transaction of business.

Formerly: Acts 1895, c.158, s.4. As amended by P.L.136-2018, SEC.170.

Source: official Indiana text · Last verified 2026-08-27

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Frequently Asked Questions About Indiana § 27-3-2-4

What does Indiana Code § 27-3-2-4 cover?

Section 27-3-2-4 ("By-laws; directors") 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 § 27-3-2-4?

A common citation format is "Indiana Code § 27-3-2-4" (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 § 27-3-2-4 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.