§ 23-1-37-5 — "Official capacity" defined

Indiana § 23-1-37-5

• 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, "official capacity"
means:
(1) when used with respect to a director, the office of director in
a corporation; and
(2) when used with respect to an individual other than a director,
as contemplated in section 13 of this chapter, the office in a
corporation held by the officer or the employment or agency
relationship undertaken by the employee or agent on behalf of the
corporation.
"Official capacity" does not include service for any other foreign or
domestic corporation or any partnership, limited liability company,
joint venture, trust, employee benefit plan, or other enterprise, whether
for profit or not.

Legislative History

As added by P.L.149-1986, SEC.21. Amended by P.L.8-1993, SEC.304.