Updated April 25, 2023
Indiana corporate bylaws are the governing rules of a corporation that are adopted by the board of directors after the initial articles of incorporation have been filed. The bylaws relay 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. However, none of the bylaws can break the law or be inconsistent with the articles of incorporation.
Required in Indiana? Yes (§ 23-1-21-6(a))
Laws
- Annual Meetings – § 23-1-29-1
- Corporate Bylaws – § 23-1-21-6
- Issuance of Stock – Chapter 26. Issuance of shares
Emergency Bylaws
A corporation’s board of directors may put in place emergency bylaws that provide a procedure for calling meetings, appointing substitute directors, and meeting quorum requirements during an emergency. (§ 23-1-21-7)