Sec. 2. The articles of incorporation or bylaws may prescribe qualifications for directors. A director need not be a resident of this state or a shareholder of the corporation unless the articles of incorporation or bylaws so prescribe.
Ind. Code § 23-1-33-2
Qualifications
Known as the Indiana Business Corporation Law
The act spans §§ 23-1-17-1 to 23-1-55-3 (253 sections).
Applied in 1 court decision — leading case Truck Finance Specialists, Inc. v. W & S Leasing, Inc. (2009)
Most recently applied in Truck Finance Specialists, Inc. v. W & S Leasing, Inc. (August 2009)
As added by P.L.149-1986, SEC.17.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.