"In good faith"

Ind. Code § 34-6-2.1-95
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 95. "In good faith", for purposes of IC 34-13-3 and IC 34-30-15, refers to an act taken: (1) without malice; (2) after a reasonable effort to obtain the facts of the matter; and (3) in the reasonable belief that the action taken is warranted by the facts known. As added by P.L.186-2025, SEC.176.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/34Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements