Sec. 1. (a) Each corporation must have a board of directors. (b) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, the corporation's board of directors, subject to any limitation set forth in the articles of incorporation. As added by P.L.14-1992, SEC.163.
Necessity of board; powers
Ind. Code § 28-13-9-1, under Board of Directors Generally.
Ind. Code § 28-13-9-1