§ 27-1-7.5-2 — "Director" defined

Indiana § 27-1-7.5-2

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 7.5: Indemnification of Directors

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, trustee, employee,
or agent of another foreign or domestic corporation, 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. The
term includes, unless the context requires otherwise, the estate or
personal representative of a director.

Legislative History

As added by P.L.266-1987, SEC.6.