Indiana Code > Title 23 > Article 1.3 > Chapter 5 – Standard of Conduct for Directors
Current as of: 2024 | Check for updates
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Other versions
| § 23-1.3-5-1 | Consideration of interests |
| § 23-1.3-5-2 | Consideration of interests consistent with other laws |
| § 23-1.3-5-3 | Immune from personal liability |
| § 23-1.3-5-4 | No duty to beneficiary |
Terms Used In Indiana Code > Title 23 > Article 1.3 > Chapter 5 - Standard of Conduct for Directors
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.