Indiana § 28-13-11-1 Discharge of duties; good faith; ordinary prudence; best interests of
corporation

Indiana Statutes

§ 28-13-11-1 — Discharge of duties; good faith; ordinary prudence; best interests of corporation

Indiana § 28-13-11-1

Art. 13CORPORATE GOVERNANCE

Ch. 11Standards of Conduct for Directors

This text of Indiana § 28-13-11-1 (Discharge of duties; good faith; ordinary prudence; best interests of corporation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-13-11-1 (2026).

Text

A director shall, based on facts then known to the director, discharge the duties of a director, including the director's duties as a member of a committee:

(1)in good faith;

(2)with the care an ordinarily prudent person in a like position would exercise under similar circumstances; and

(3)in a manner the director reasonably believes to be in the best interests of the corporation.

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