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U.S. State Codes
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Indiana
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Title 28. Financial Institu...
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Article 13. Corporate Gover...
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Chapter 11. Standards of Conduct for Directors
Chapter 11. Standards of Conduct for Directors
28-13-11-1. Discharge of duties; good faith; ordinary prudence; best interests of corporation
28-13-11-2. Right to rely on data and other information; financial statements and data
28-13-11-3. Bad faith; knowledge making reliance on information unwarranted
28-13-11-4. Best interests of corporation; factors considered
28-13-11-5. Exemption from personal liability; inapplicability in departmental proceedings
28-13-11-6. Legislative intent; business judgment and discretion of directors; corporate takeovers
28-13-11-7. Additional considerations affecting board actions or recommendations; approval of majority of disinterested directors; conclusive presumption of validity
28-13-11-8. Disinterested persons; director or shareholder of corporation
28-13-11-9. Conflict of interest transactions; direct or indirect interest of director; nonvoidability by corporation; voting for authorization, approval, or ratification
28-13-11-10. Unlawful distribution; liability of director; right to contribution