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) binds the corporation; and
- (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.