Indiana Statutes

§ 28-13-13-4 — "Liability" defined

Indiana·Art. 13 CORPORATE GOVERNANCE·Ch. 13 Indemnification of Directors
As used in this chapter, "liability" means the obligation to pay a judgment, settlement, penalty, fine, including an excise tax assessed with respect to an employee benefit plan, or reasonable expenses incurred with respect to a proceeding.

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Legislative History

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

Nearby Sections

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