Indiana Statutes

§ 28-12-10-3 — Effect of good faith corporate action

Indiana·Art. 12 FORMATION OF BANKS, TRUST COMPANIES,·Ch. 10 Emergency Bylaws

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
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