Indiana Statutes
§ 23-17-13-3 — Loans to and guarantees of obligations of directors or officers
Indiana § 23-17-13-3
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 17NONPROFIT CORPORATIONS
Ch. 13Standards of Conduct for Directors
This text of Indiana § 23-17-13-3 (Loans to and guarantees of obligations of directors or officers) 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 § 23-17-13-3 (2026).
Text
(a)A corporation may not:
(1)lend money to; or
(2)guarantee the obligation of;
a director or an officer of the corporation.
(b)A loan or guaranty that is made in violation of this section does
not affect the borrower's liability on the loan.
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Legislative History
As added by P.L.179-1991, SEC.1.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-17-13-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-17-13-3.