Ind. Code § 23-17-12-9

Current through P.L. 171-2024
Section 23-17-12-9 - Removal of director by vote of directors

A director elected by the board of directors may be removed with or without cause by the vote of a majority of the directors then in office, unless a greater number is set forth in articles of incorporation or bylaws.

However, a director elected by the board of directors to fill the vacancy of a director elected by the members may be removed without cause by the members but not by the board of directors.

IC 23-17-12-9

As added by P.L. 179-1991, SEC.1. Amended by P.L. 1-1992, SEC.118.