Indiana lawmakers amended the state’s Title 23 Business and Other Associations to permit remote meetings and filings and to define emergencies:
- Annual and special meetings. Corporate bylaws may include a provision for remote meetings, and if a physical meeting is held, entities can allow participants to attend remotely and vote, so long as the entity has implemented reasonable measures to verify participant identity, provides a way for all members to participate, and keeps meeting minutes.
- Emergencies. Lawmakers defined emergencies for purposes of emergency bylaws taking effect, including an attack on the U.S. or a location where a corporation conducts business; a nuclear disaster; a catastrophe, including n epidemic or pandemic; or, a declared national emergency. During such emergencies, boards of directors may take actions on behalf of the company that include postponing a meeting or conducting the meeting remotely; and changing the record date and payment date of a dividend.
Other notable changes include:
- Boards of directors. Public corporations can choose not to have a staggered board if the board adopts a bylaw to that effect.
- Naming requirements. A new amendment prohibits the use of entity names that contain language that falsely indicates or implies that entity is connected with, a government agency of Indiana, another state, or the United States.
This and other updates changes are captured in the inaugural 2022 edition of CSCPublishing’s Indiana Laws Governing Business Entities Annotated. This book features Title 23—Business and Other Associations from the Indiana Statutes, updated through the 2021 legislative session. Legislative
Summaries explain recent changes made to the law, and a Table of Sections Affected lists all changes for quick identification. Also included are related sections covering taxation and trademarks, as well as Chapters, 1, 8 and 9 from the Uniform Commercial Code.
The book is fully annotated with the latest case notes from state and federal courts interpreting the law. In addition, we have included an easy-to-reference Fee Table showing the Secretary of State’s required filing fees for various business services.
Readers can also access over 50 Indiana business forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types via the LexisNexis Bookstore download center.
These features make Indiana Laws Governing Business Entities Annotated a valued resource for corporate attorneys, in-house counsel and C-suite executives, as well as solo practitioners and general practice firms who advise Indiana small businesses.
Indiana Governing Business Entities Annotated is available as a softbound book or as an ebook, compatible with dedicated e-reader devices, computers, tablets and smartphones that use e-reader software or applications. It is also available on the LexisNexis Digital Library.
To learn more about the 2022 Edition of Indiana Laws Governing Business Entities, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.
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