Indiana § 28-13-11-7 Additional considerations affecting board actions or recommendations;
approval of majority of disinterested directors; conclusive presumption
of validity

Indiana Statutes

§ 28-13-11-7 — Additional considerations affecting board actions or recommendations; approval of majority of disinterested directors; conclusive presumption of validity

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

(a)In taking or declining to take any action, or in making or declining to make any recommendation to the shareholders of the corporation with respect to any matter, a board of directors of a corporation may, in the board's discretion, consider both the short term and long term best interests of the corporation.

(b)The board of directors shall take into account, and weigh as the directors consider appropriate, the effects of the action or recommendation on the corporation's shareholders and the other corporate constituent groups and interests listed or described in section 4 of this chapter, as well as any other factors considered pertinent by the directors under section 4 of this chapter.

(c)If a determination is made under this section with the approval of a majority of the disinteres

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(a) In taking or declining to take any action,
or in making or declining to make any recommendation to the
shareholders of the corporation with respect to any matter, a board of
directors of a corporation may, in the board's discretion, consider both
the short term and long term best interests of the corporation.
(b) The board of directors shall take into account, and weigh as the
directors consider appropriate, the effects of the action or
recommendation on the corporation's shareholders and the other
corporate constituent groups and interests listed or described in section
4 of this chapter, as well as any other factors considered pertinent by
the directors under section 4 of this chapter.
(c) If a determination is made under this section with the approval
of a majority of the disinterested directors of the board of the directors,
that determination shall conclusively be presumed to be valid unless,
after reasonable investigation, it can be demonstrated that the
determination was not made in good faith.

Indiana § 28-13-11-7 (Additional considerations affecting board actions or recommendations; approval of majority of disinterested directors; conclusive presumption of validity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.