Senate Enrolled Act 105 Summary

• Amends IC 23-17-15-5 to allow directors of mutual benefit electric cooperatives with at least one corporate member formed under IC 8-1-13 to vote by proxy in addition to voting in person.

• Permits directors to appoint a proxy by signing an appointment form personally or through an attorney-in-fact, with the proxy limited to another board member of the represented member entity.

• Proxy appointments become effective upon receipt by the secretary or authorized vote-tabulating officer and remain valid for 11 months unless the appointment form specifies a different duration.

• Proxy appointments are revocable by the proxy holder; director death does not invalidate proxy authority unless notice is received before the proxy votes, and director incapacity does not affect proxy validity.

• Effective date is July 1, 2017.