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

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.

Legislative History

As added by P.L.14-1992, SEC.163.