Indiana § 28-13-11-2 Right to rely on data and other information; financial statements and
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Indiana Statutes

§ 28-13-11-2 — Right to rely on data and other information; financial statements and data

Indiana·Art. 13 CORPORATE GOVERNANCE·Ch. 11 Standards of Conduct for Directors

In discharging the director's duties, a director is entitled to rely on information, opinions, reports, or statements, including financial statements and other financial data, if prepared or presented by:

(1)at least one (1) officer or employee of the corporation whom the director reasonably believes to be reliable and competent in the matters presented;

(2)legal counsel, public accountants, or other persons as to matters the director reasonably believes are within the person's professional or expert competence; or

(3)a committee of the board of directors of which the director is not a member if the director reasonably believes the committee merits confidence.

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In discharging the director's duties, a director
is entitled to rely on information, opinions, reports, or statements,
including financial statements and other financial data, if prepared or
presented by:
(1) at least one (1) officer or employee of the corporation whom
the director reasonably believes to be reliable and competent in
the matters presented;
(2) legal counsel, public accountants, or other persons as to
matters the director reasonably believes are within the person's
professional or expert competence; or
(3) a committee of the board of directors of which the director is
not a member if the director reasonably believes the committee
merits confidence.

Indiana § 28-13-11-2 (Right to rely on data and other information; financial statements and data) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.