Indiana Statutes
§ 28-12-10-3 — Effect of good faith corporate action
Corporate action taken in good faith in accordance with the emergency bylaws:
(1)binds the corporation; and
(2)may not be used to impose liability on a director, an officer, an
employee, or an agent.
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Legislative History
As added by P.L.14-1992, SEC.162.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows