Indiana § 28-13-15-3 - Greater quorum or voting requirements; directors meeting; voting requisites
Full text of Indiana Indiana Code § 28-13-15-3 — Greater quorum or voting requirements; directors meeting; voting requisites, with citation guidance and answers to common questions.
§ 28-13-15-3. Greater quorum or voting requirements; directors meeting; voting requisites
Sec. 3. (a) A bylaw that fixes a greater than majority quorum or voting requirement for action by the board of directors may be amended or repealed:
(1) if originally adopted by the shareholders, only by the shareholders; or
(2) if originally adopted by the board of directors, only by the board of directors.
(b) A bylaw adopted or amended by the shareholders that fixes a greater than majority quorum or voting requirement for action by the board of directors may provide that the bylaw may be amended or repealed only by a specified vote of either the shareholders or the board of directors.
(c) Action by the board of directors under subsection (a)(2) to adopt or amend a bylaw that changes the quorum or voting requirement for action by the board of directors must meet the same quorum requirement and be adopted by the same vote required to take action under the quorum and voting requirement then in effect or proposed to be adopted, whichever is greater.
As added by P.L.14-1992, SEC.163.
IC 28-13-16Chapter 16. Financial Institution Subsidiaries
28-13-16-1"Qualifying subsidiary" defined 28-13-16-2"Nonqualifying subsidiary" defined 28-13-16-3"Financial institution" defined 28-13-16-4Acquisition or establishment; powers of subsidiary 28-13-16-5Acquiring or establishing a nonqualifying subsidiary; application 28-13-16-6Review of notice or application; change in scope or nature of business activity of qualifying or nonqualifying subsidiary 28-13-16-7Subsidiaries subject to examination 28-13-16-8Rules
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-13-15-3
What does Indiana Code § 28-13-15-3 cover?
Section 28-13-15-3 ("Greater quorum or voting requirements; directors meeting; voting requisites") 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 § 28-13-15-3?
A common citation format is "Indiana Code § 28-13-15-3" (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 § 28-13-15-3 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.