Indiana § 28-13-5-7 - Action with unanimous consent of voting shareholders; notice to nonvoting shareholders
Full text of Indiana Indiana Code § 28-13-5-7 — Action with unanimous consent of voting shareholders; notice to nonvoting shareholders, with citation guidance and answers to common questions.
§ 28-13-5-7. Action with unanimous consent of voting shareholders; notice to nonvoting shareholders
Sec. 7. If this article requires that notice of proposed action be given to nonvoting shareholders and the action is to be taken by unanimous consent of the voting shareholders, the corporation must give its nonvoting shareholders written notice of the proposed action at least ten (10) days before the action is taken. The notice must contain or be accompanied by the same material that under this article would have been required to be sent to nonvoting shareholders in a notice of meeting at which the proposed action would have been submitted to the shareholders for action.
As added by P.L.14-1992, SEC.163.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-13-5-7
What does Indiana Code § 28-13-5-7 cover?
Section 28-13-5-7 ("Action with unanimous consent of voting shareholders; notice to nonvoting shareholders") 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 § 28-13-5-7?
A common citation format is "Indiana Code § 28-13-5-7" (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 § 28-13-5-7 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.