State Codes and Statutes
Statutes > Indiana > Title8 > Ar4 > Ch3IC 8-4-3
Chapter 3. Size of Board of Directors
IC 8-4-3-1
Election
Sec. 1. The stockholders of any railroad company incorporated in
this state before May 6, 1853, or that may be incorporated after May
6, 1853, may, by the vote of a majority in interest of the stockholders
of such company, at any annual or other meeting thereof, determine
that the directors of said company shall consist of any number not
less than five (5) nor more than thirteen (13), who shall be chosen
from any of the stockholders; and thereafter such company may elect
from any of its stockholders the number of directors it has fixed and
determined upon, in the same manner and with the same effect as if
this section was contained in the original statute incorporating such
company.
(Formerly: Acts 1852, 1RS, c.85, s.2.) As amended by P.L.62-1984,
SEC.46.
