Sec. 2. Each officer has the authority and shall perform the duties set forth in the bylaws or, to the extent consistent with the bylaws, the duties prescribed by the board of directors or by direction of an officer authorized by the board of directors to prescribe the duties of other officers.
Ind. Code § 23-1-36-2
Powers and duties
Known as the Indiana Business Corporation Law
The act spans §§ 23-1-17-1 to 23-1-55-3 (253 sections).
Applied in 2 court decisions — leading case Winkler v. V.G. Reed & Sons, Inc. (1994)
Most recently applied in Galligan v. Galligan (February 2001)
As added by P.L.149-1986, SEC.20.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.