Indiana § 28-13-13-5 "Official capacity" defined; scope of term

Indiana Statutes

§ 28-13-13-5 — "Official capacity" defined; scope of term

Indiana § 28-13-13-5

Art. 13CORPORATE GOVERNANCE

Ch. 13Indemnification of Directors

This text of Indiana § 28-13-13-5 ("Official capacity" defined; scope of term) 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 § 28-13-13-5 (2026).

Text

(a)As used in this chapter, "official capacity" means:

(1)when used with respect to a director, the office of director in a corporation; and

(2)when used with respect to an individual other than a director, as contemplated in section 13 of this chapter, the office in a corporation held by the officer or the employment or agency relationship undertaken by the employee or agent on behalf of the corporation.

(b)The term does not include service for any other foreign or domestic corporation or any partnership, joint venture, limited liability company, trust, employee benefit plan, or other enterprise, whether for profit or not.

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(a) As used in this chapter, "official capacity"
means:
(1) when used with respect to a director, the office of director in
a corporation; and
(2) when used with respect to an individual other than a director,
as contemplated in section 13 of this chapter, the office in a
corporation held by the officer or the employment or agency
relationship undertaken by the employee or agent on behalf of the
corporation.
(b) The term does not include service for any other foreign or
domestic corporation or any partnership, joint venture, limited liability
company, trust, employee benefit plan, or other enterprise, whether for
profit or not.