Sec. 3. A director is not acting in good faith if the director has knowledge concerning the matter in question that makes reliance otherwise permitted by section 2 of this chapter unwarranted.
Ind. Code § 28-13-11-3
Bad faith; knowledge making reliance on information unwarranted
As added by P.L.14-1992, SEC.163.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.