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§ 28-12-10-4 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 12 - Formation of Banks, Trust Companies, and Building and Loan Associations/
  6. Chapter 10 - Emergency Bylaws28-12-10-1. Adoption; Effectiveness; Management of Corporation During Emergency/
  7. § 28-12-10-4
Indiana Legal Code

§ 28-12-10-4

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An emergency exists for purposes of this chapter if an extraordinary event prevents a quorum of the corporation's directors from assembling in time to deal with the business for which the meeting has been or is to be called.As added by P.L.14-1992, SEC.162.