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§ 28-13-11-1 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 13 - Corporate Governance/
  6. Chapter 11 - Standards of Conduct for Directors28-13-11-1. Discharge of Duties; Good Faith; Ordinary Prudence; Best Interests of Corporation/
  7. § 28-13-11-1
Indiana Legal Code

§ 28-13-11-1

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A director shall, based on facts then known to the director, discharge the duties of a director, including the director's duties as a member of a committee:(1) in good faith;(2) with the care an ordinarily prudent person in a like position would exercise under similar circumstances; and(3) in a manner the director reasonably believes to be in the best interests of the corporation.As added by P.L.14-1992, SEC.163.