Unless the articles of incorporation provide otherwise, a corporation's board of directors may adopt at least one (1) amendment to the corporation's articles of incorporation without shareholder action to:(1) extend the duration of the corporation if the corporation was incorporated at a time when limited duration was required by law;(2) delete the names and addresses of the initial directors;(3) change each issued and unissued authorized share of an outstanding class into a greater number of whole shares and fractional shares if the corporation has only shares of that class outstanding;(4) reduce the number of authorized shares solely as the result of a cancellation of treasury shares; or(5) make any other change expressly permitted by this article to be made without shareholder action.As added by P.L.14-1992, SEC.163.
Indiana Legal Code