§ 23-1-37-2 — "Director" defined

Indiana § 23-1-37-2

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 1: INDIANA BUSINESS CORPORATION LAW
• Ch. 37: Indemnification of Directors, Officers, Employees, and

Text

As used in this chapter, "director" means an
individual who is or was a director of a corporation or an individual
who, while a director of a corporation, is or was serving at the
corporation's request as a director, officer, partner, member, manager,
trustee, employee, or agent of another foreign or domestic corporation,
partnership, limited liability company, joint venture, trust, employee
benefit plan, or other enterprise, whether for profit or not. A director is
considered to be serving an employee benefit plan at the corporation's
request if the director's duties to the corporation also impose duties on,
or otherwise involve services by, the director to the plan or to
participants in or beneficiaries of the plan. "Director" includes, unless
the context requires otherwise, the estate or personal representative of
a director.

Legislative History

As added by P.L.149-1986, SEC.21. Amended by P.L.8-1993, SEC.303.