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Indiana Corporate Bylaws Template

Indiana corporate bylaws are the governing rules of a corporation adopted by the board of directors after the initial articles of incorporation have been filed. The bylaws dictate the structure of the corporate leadership and its appointees, as well as any regulations for the management of business affairs that the board deems necessary.
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Updated June 10, 2024

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Laws

  • Annual Meetings – An annual meeting of shareholders must be held at a time and place established in the bylaws.[2]
  • Corporate Bylaws – The directors or incorporators must adopt the initial set of bylaws in accordance with state law and the articles of incorporation.[3]
  • Issuance of Stock – Unless stated in the articles of incorporation, shares may be issued pro rata and without consideration to the corporation’s shareholders or to the shareholders of one or more classes or series.[4]

Emergency Bylaws

A corporation’s board of directors may establish emergency bylaws that provide a procedure for calling meetings, appointing substitute directors, and meeting quorum requirements during an emergency.[5]

Sources

  1. § 23-1-21-6(a)
  2. § 23-1-29-1
  3. § 23-1-21-6
  4. § 23-1-26-4
  5. § 23-1-21-7