§ 23-1.3-7-1 Consideration of interests and factors
§ 23-1.3-7-2 Consideration of interests and factors consistent with duties
§ 23-1.3-7-3 Immune from personal liability
§ 23-1.3-7-4 No duty to beneficiary
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Terms Used In Indiana Code > Title 23 > Article 1.3 > Chapter 7 - Standard of Conduct for Officers

  • 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.