Indiana Statutes

§ 28-13-11-3 — Bad faith; knowledge making reliance on information unwarranted

Indiana § 28-13-11-3
JurisdictionIndiana
Art. 13CORPORATE GOVERNANCE
Ch. 11Standards of Conduct for Directors

This text of Indiana § 28-13-11-3 (Bad faith; knowledge making reliance on information unwarranted) 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 § 28-13-11-3 (2026).

Text

A director is not acting in good faith if the director has knowledge concerning the matter in question that makes reliance otherwise permitted by section 2 of this chapter unwarranted.

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Legislative History

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

Nearby Sections

15
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Bluebook (online)
Indiana § 28-13-11-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-13-11-3.