Ind. Code § 28-12-10-3

Effect of good faith corporate action

As added by P.L.14-1992, SEC.162.

Corporate action taken in good faith in accordance with the emergency bylaws:

  1. (1) binds the corporation; and
  2. (2) may not be used to impose liability on a director, an officer, an employee, or an agent.

As added by P.L.14-1992, SEC.162.

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