Indiana corporate bylaws are drafted by the incorporators or board of directors of a corporation to establish rules for operating and managing the business. By implementing a set of bylaws, the corporation creates an efficient means to regulate the company internally. The bylaws will specify how many individuals can serve on the board of directors, where and when meetings will be held, whether officers and directors will be financially compensated, and the decision-making rights of shareholders.
Indiana does not require corporations to file their bylaws with the Secretary of State. Instead, they will be maintained with the corporation’s official records and made available to stockholders upon request.
Chapter: Title 23, Article 1
- Bylaws: IC 23-1-21-6
- Indemnification: IC 23-1-37
- Notice of meetings:
- Stock issuance & certificates: IC 23-1-26