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§ 28-13-9-4 — Indiana Law | CourtGPT
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  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 13 - Corporate Governance/
  6. Chapter 9 - Board of Directors Generally28-13-9-1. Necessity of Board; Powers/
  7. § 28-13-9-4
Indiana Legal Code

§ 28-13-9-4

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(a) If the articles of incorporation authorize dividing the shares into classes, the articles may also authorize the election of all or a specified number of directors by the holders of at least one (1) authorized class of shares.(b) Each class of shares entitled to elect at least one (1) director is a separate voting group for purposes of the election of directors.As added by P.L.14-1992, SEC.163.