{"data":{"id":"us-in/ic-5-1.5-2-5","jurisdiction":"us-in","citation":"IC 5-1.5-2-5","heading":"Action by affirmative vote of four directors; effect of vacancy","body":"Sec. 5. Action may be taken by the board at a meeting by the affirmative vote of at least four (4) 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 1.5. INDIANA BOND BANK","Chapter 2. Establishment and Organization"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.5-2-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"7af72aca0e8401eeef25379e71eb800da4007bb7f5076b310a53f8a50bffd8eb","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.5-2-4","next":"us-in/ic-5-1.5-2-6"},"notice":"GroundRules: Original legal text. Not legal advice."}