§ 23-17-16-2 — Director defined

Indiana § 23-17-16-2

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 17: NONPROFIT CORPORATIONS
• Ch. 16: Indemnification

Text

(a) 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, an officer, a member, a manager, a
partner, a trustee, an employee, or an agent of another foreign or
domestic corporation, limited liability company, partnership, 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.
(b) The term includes the estate or personal representative of a
director.

Legislative History

As added by P.L.179-1991, SEC.1. Amended by P.L.8-1993, SEC.332.