Indiana Code
Ind. Code § 23-17-12-3 (2025)
Number of directors; increase or decrease in number
✓ 2025 Indiana Code: the 2026 session is not included
Sec. 3. (a) A board of directors must consist of at least three (3) individuals, with the number specified in or fixed in accordance with articles of incorporation or bylaws.
(b) The number of directors may be increased or decreased, but to not less than three (3), by an amendment to or in a manner prescribed in articles of incorporation or bylaws.
As added by P.L.179-1991, SEC.1.
Notes of Decisions
Cited in 1
case, 2017–2017 · leading case: Richard Doermer v. Kathryn Callen, 847 F.3d 522 (7th Cir. 2017).
Richard Doermer v. Kathryn Callen, 847 F.3d 522 (7th Cir. 2017). “See Ind. Code § 23-17-12-3 . In Richard’s view, when Phyllis’s term expired, the Corporation was no longer lawfully constituted and the two remaining board members (he and his sister Kathryn) could not act on the Corporation’s behalf or exercise its corporate powers.”
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