1. (a) A majority of the board members constitutes a quorum for a meeting. The board may act by an affirmative vote of a majority of the board.

2. (b) The corporation shall record memoranda from the meeting as required by IC 5-14-1.5-4 .

   [Pre-1993 Recodification Citation: 16-12-21-12(b).]

As added by P.L.2-1993, SEC.5. Amended by P.L.184-2005, SEC.20; P.L.88-2006, SEC.1.