Action by Affirmative Vote of Three Directors; Effect of Vacancy

1. Law
2. Indiana Code
3. State and Local Administration
4. Local Public Improvement Bond Banks
5. Establishment and Organization
6. Action by Affirmative Vote of Three Directors; Effect of Vacancy

Sec. 5. Action may be taken by the board at a meeting by the affirmative vote of at least three (3) directors. A vacancy on the board does not impair the right of a quorum of directors to exercise the powers and perform the duties of the board.

As added by P.L.42-1985, SEC.1.

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