§ 23-17-16-5 — Official capacity defined

Indiana § 23-17-16-5

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

Text

(a) As used in this chapter, "official capacity"
means the following:
(1) When used with respect to a director, the office of director in
a corporation.
(2) When used with respect to an individual other than a director
under 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.
(b) The term 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.179-1991, SEC.1. Amended by P.L.8-1993, SEC.333.