Sec. 15. Except for an act of fraud or intentional misconduct, an officer or director of the corporation is not individually liable for an act or omission regarding the exercise or performance of that person's duty to the corporation.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-8.]
As added by P.L.2-2007, SEC.257.
Structure Indiana Code
Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans
Chapter 5. Secondary Market for Guaranteed Student Loans
21-16-5-1. Secondary Market for Guaranteed Student Loans; Establishment of Corporation
21-16-5-2. Public Hearing; Notice
21-16-5-3. Powers of Corporation; Articles of Incorporation
21-16-5-4. Annual Report; Annual Public Hearing
21-16-5-5. Changes in Directors and Bylaws
21-16-5-7. Board of Directors; Executive Session
21-16-5-9. Benefits of Guaranty
21-16-5-10. Grants; Approval by the Budget Agency
21-16-5-12. Tax Exemption for Principal and Interest
21-16-5-13. Investment of Funds
21-16-5-14. Termination of the Designation
21-16-5-15. Immunity for Officers and Directors