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§ 28-6-1-3-10 — Indiana Law | CourtGPT
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  4. Title 28 - Financial Institutions/
  5. Article 6.1 - Savings Banks/
  6. Chapter 3 - the Board of Trustees of Savings Banks Organized, Reorganized, or Operating Before January 1, 199328-6.1-3-1. Application of Chapter/
  7. § 28-6-1-3-10
Indiana Legal Code

§ 28-6-1-3-10

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(b) Except as provided in subsection (c), the president or a vice president of the board must be present for a quorum to exist. Notwithstanding subsection (c), if the number of trustees is fifteen (15) or more, a quorum must consist of at least seven (7) trustees, with the president or a vice president present.(c) The board may provide in the bylaws that the quorum consists of more than a majority of the trustees. If the bylaws provide for a quorum of nine (9) or more trustees, the bylaws may provide that a quorum exists without the presence of the president or a vice president of the board.As added by P.L.42-1993, SEC.72.