1 by P.L.179-1991 does not affect the following:(1) Any action taken:(A) under:(i) IC 23-7-1.1;(ii) the Indiana general not-for-profit corporation act of 1935; or(iii) any prior law under which domestic nonprofit entities were organized;before the repeal of IC 23-7-1.1; or(B) before the applicability of P.L.179-1991 to a nonprofit entity;whichever is later, including the continuing validity of a domestic nonprofit entity's articles of incorporation, bylaws, or other organic documents, indemnification provisions for directors, officers, employees, and agents, resolutions of the board of directors or governing body and name.(2) A ratification, a right, a remedy, a privilege, an obligation, or a liability acquired, accrued, or incurred before the applicability of P.L.179-1991 to a nonprofit entity under:(A) IC 23-7-1.1 (before its repeal);(B) the Indiana general not-for-profit corporation act of 1935 before the repeal of IC 23-7-1.1; or(C) any prior law under which domestic nonprofit entities were organized.(3) A:(A) violation of:(i) IC 23-7-1.1 (before its repeal);(ii) the Indiana general not-for-profit he repeal of IC 23-7-1.1; or(C) any prior law under which domestic nonprofit entities were organized.(3) A:(A) violation of:(i) IC 23-7-1.1 (before its repeal);(ii) the Indiana general not-for-profit corporation act of 1935; or(iii) any prior law under which domestic nonprofit entities were organized; or(B) penalty, forfeiture, or punishment incurred because of the violation before the applicability of P.L.179-1991 to a nonprofit entity.(4) A proceeding, reorganization, or dissolution commenced before the applicability of P.L.179-1991 to a nonprofit entity under:(A) IC 23-7-1.1 (before its repeal);(B) the Indiana general not-for-profit corporation act of 1935 before the repeal of IC 23-7-1.1; or(C) any prior law under which domestic nonprofit entities were organized.The proceeding, reorganization, or dissolution may be completed in accordance with IC 23-7-1.1 (before its repeal), the Indiana general not-for-profit corporation act of 1935, or any prior law under which nonprofit corporations were organized as if P.L.179-1991 had not been enacted.(5) Any action as a result of a meeting of members or directors or action by written consent taken before the applicability of P.L.179-1991 ions were organized as if P.L.179-1991 had not been enacted.(5) Any action as a result of a meeting of members or directors or action by written consent taken before the applicability of P.L.179-1991 to a nonprofit entity.(b) If a penalty or punishment imposed for a violation of:(1) IC 23-7-1.1 (before its repeal);(2) the Indiana general not-for-profit corporation act of 1935; or(3) any prior law under which domestic nonprofit entities were organized;is reduced by P.L.179-1991, the penalty or punishment shall, if not already imposed, be imposed in accordance with P.L.179-1991.As added by P.L.220-2011, SEC.383.
Indiana Legal Code