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§ 23-17-13-3 — Indiana Law | CourtGPT
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  4. Title 23 - Business and Other Associations/
  5. Article 17 - Nonprofit Corporations/
  6. Chapter 13 - Standards of Conduct for Directors23-17-13-1. Duties; Reliance on Statements of and Information Given by Others; Conditions for Liability; Director Not Trustee/
  7. § 23-17-13-3
Indiana Legal Code

§ 23-17-13-3

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(b) A loan or guaranty that is made in violation of this section does not affect the borrower's liability on the loan.As added by P.L.179-1991, SEC.1.