Indiana Statutes
§ 8-1-17.5-16 — Members not liable for debts or liabilities of corporation; director acting in good faith not personally liable
Indiana § 8-1-17.5-16
This text of Indiana § 8-1-17.5-16 (Members not liable for debts or liabilities of corporation; director acting in good faith not personally liable) 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 § 8-1-17.5-16 (2026).
Text
(a)A member of a surviving corporation or
successor corporation formed under this chapter is not liable or
responsible for the debts or liabilities of the surviving corporation or
successor corporation.
(b)A director of a surviving corporation or successor corporation
formed under this chapter is not personally liable for the acts or
omissions of the surviving corporation or successor corporation if the
director acts in good faith in performing the director's duties under this
chapter or under the bylaws or articles of incorporation of the surviving
corporation or successor corporation.
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Legislative History
As added by P.L.18-2010, SEC.1.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-1-17.5-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-1-17.5-16.