Ind. Code § 28-13-11-3 – Bad faith; knowledge making reliance on information unwarranted | Midpage
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Ind. Code § 28-13-11-3
Bad faith; knowledge making reliance on information unwarranted
As added by P.L.14-1992, SEC.163.
A director is not acting in good faith if the director has knowledge concerning the matter in question that makes reliance otherwise permitted by section 2 of this chapter unwarranted.