Effect of good faith corporate action

Ind. Code § 28-12-10-3
in effect
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Sec. 3. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

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