Chapter
Standards of Conduct for Directors
- Ind. Code § 28-13-11-1— Discharge of duties; good faith; ordinary prudence; best interests of corporation
- Ind. Code § 28-13-11-2— Right to rely on data and other information; financial statements and data
- Ind. Code § 28-13-11-3— Bad faith; knowledge making reliance on information unwarranted
- Ind. Code § 28-13-11-4— Best interests of corporation; factors considered
- Ind. Code § 28-13-11-5— Exemption from personal liability; inapplicability in departmental proceedings
- Ind. Code § 28-13-11-6— Legislative intent; business judgment and discretion of directors; corporate takeovers
- Ind. Code § 28-13-11-7— Additional considerations affecting board actions or recommendations; approval of majority of disinterested directors; conclusive presumption of validity
- Ind. Code § 28-13-11-8— Disinterested persons; director or shareholder of corporation
- Ind. Code § 28-13-11-9— Conflict of interest transactions; direct or indirect interest of director; nonvoidability by corporation; voting for authorization, approval, or ratification
- Ind. Code § 28-13-11-10— Unlawful distribution; liability of director; right to contribution