Indiana Code 28-12-10-3. Effect of good faith corporate action
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Sec. 3. Corporate action taken in good faith in accordance with the emergency bylaws:
(2) may not be used to impose liability on a director, an officer, an employee, or an agent.
(1) binds the corporation; and
Terms Used In Indiana Code 28-12-10-3
- 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.
As added by P.L.14-1992, SEC.162.