Bill Text: IN SB0376 | 2017 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Rural electric membership corporation governance. Amends the statute governing rural electric membership corporations (corporations) as follows: (1) Specifies that for purposes of the statute: (A) a "law" includes the statute itself; and (B) a "member" of a corporation means a person admitted to membership under law and the corporation's bylaws. (Current law provides that a member means a person admitted to membership under law or the corporation's bylaws.) (2) Allows for electronic notice of a meeting of the corporation's members. (3) Authorizes a corporation to include a provision in its articles of incorporation or its bylaws to allow any votes
Spectrum: Slight Partisan Bill (Republican 6-2)
Status: (Passed) 2017-04-25 - Public Law 171 [SB0376 Detail]
Download: Indiana-2017-SB0376-Amended.pdf
Bill Title: Rural electric membership corporation governance. Amends the statute governing rural electric membership corporations (corporations) as follows: (1) Specifies that for purposes of the statute: (A) a "law" includes the statute itself; and (B) a "member" of a corporation means a person admitted to membership under law and the corporation's bylaws. (Current law provides that a member means a person admitted to membership under law or the corporation's bylaws.) (2) Allows for electronic notice of a meeting of the corporation's members. (3) Authorizes a corporation to include a provision in its articles of incorporation or its bylaws to allow any votes
Spectrum: Slight Partisan Bill (Republican 6-2)
Status: (Passed) 2017-04-25 - Public Law 171 [SB0376 Detail]
Download: Indiana-2017-SB0376-Amended.pdf
