Section 23-17-12-3 - Number of directors; increase or decrease in number(a) A board of directors must consist of at least three (3) individuals, with the number specified in or fixed in accordance with articles of incorporation or bylaws.(b) The number of directors may be increased or decreased, but to not less than three (3), by an amendment to or in a manner prescribed in articles of incorporation or bylaws.As added by P.L. 179-1991, SEC.1.