Private Equity/Venture Services

On May 12, 2009, Indiana Governor Mitch Daniels signed into law Senate Enrolled Act 450, which made several changes to Indiana corporate law effective July 1, 2009.  Most notable was the change mandating that publicly-held corporations stagger the terms of their board members into two or three groups, elected for two or three year terms, respectively, unless the corporation takes action by July 31, 2009 to opt out of this requirement (as further described below).
 
Read the entire article that highlights several of the substantive changes made by this legislation.