"Member"

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Sec. 5. As used in this chapter, "member" means the following:

(1) With respect to a nonstock membership association, the term means those persons admitted in accordance with the bylaws of the association.

(2) With respect to an association having capital stock, the term means the holders of voting stock of the association.

[Pre-2008 Recodification Citation: 15-7-1-2(b).]

As added by P.L.2-2008, SEC.3.


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