{"data":{"id":"us-in/ic-5-1.4-2-5","jurisdiction":"us-in","citation":"IC 5-1.4-2-5","heading":"Action by affirmative vote of three directors; effect of vacancy","body":"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.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.4. LOCAL PUBLIC IMPROVEMENT BOND BANKS","Chapter 2. Establishment and Organization"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.4-2-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"912650a3b25e99ab062f98c3c6e5c9b6706c064fe32e4cfaaf981e95d6f45c55","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.4-2-4","next":"us-in/ic-5-1.4-2-6"},"notice":"GroundRules: Original legal text. Not legal advice."}