Standards of Conduct for Directors

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Corporate Governance
  5. Standards of Conduct for Directors

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Section
28-13-11-1

Discharge of Duties; Good Faith; Ordinary Prudence; Best Interests of Corporation

Section
28-13-11-2

Right to Rely on Data and Other Information; Financial Statements and Data

Section
28-13-11-3

Bad Faith; Knowledge Making Reliance on Information Unwarranted

Section
28-13-11-4

Best Interests of Corporation; Factors Considered

Section
28-13-11-5

Exemption From Personal Liability; Inapplicability in Departmental Proceedings

Section
28-13-11-6

Legislative Intent; Business Judgment and Discretion of Directors; Corporate Takeovers

Section
28-13-11-7

Additional Considerations Affecting Board Actions or Recommendations; Approval of Majority of Disinterested Directors; Conclusive Presumption of Validity

Section
28-13-11-8

Disinterested Persons; Director or Shareholder of Corporation

Section
28-13-11-9

Conflict of Interest Transactions; Direct or Indirect Interest of Director; Nonvoidability by Corporation; Voting for Authorization, Approval, or Ratification

Section
28-13-11-10

Unlawful Distribution; Liability of Director; Right to Contribution