28-13-11-1. Discharge of duties; good faith; ordinary prudence; best interests of corporation

IN Code § 28-13-11-1 (2019) (N/A)
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Sec. 1. A director shall, based on facts then known to the director, discharge the duties of a director, including the director's duties as a member of a committee:

(1) in good faith;

(2) with the care an ordinarily prudent person in a like position would exercise under similar circumstances; and

(3) in a manner the director reasonably believes to be in the best interests of the corporation.

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