Indiana Statutes
§ 21-16-5-15 — Immunity for officers and directors
Indiana § 21-16-5-15
JurisdictionIndiana
Title 21HIGHER EDUCATION
Art. 16EARN INDIANA PROGRAM; STUDENT LOANS;
Ch. 5Secondary Market for Guaranteed Student Loans
This text of Indiana § 21-16-5-15 (Immunity for officers and directors) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 21-16-5-15 (2026).
Text
Except for an act of fraud or intentional
misconduct, an officer or director of the corporation is not individually
liable for an act or omission regarding the exercise or performance of
that person's duty to the corporation.
[Pre-2007 Higher Education Recodification Citation:
20-12-21.2-8.]
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Legislative History
As added by P.L.2-2007, SEC.257.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 21-16-5-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/21-16-5-15.