Sec. 4. As used in this chapter, "liability" means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.
As added by P.L.149-1986, SEC.21.
Structure Indiana Code
Title 23. Business and Other Associations
Article 1. Indiana Business Corporation Law
Chapter 37. Indemnification of Directors, Officers, Employees, and Agents
23-1-37-1. "Corporation" Defined
23-1-37-4. "Liability" Defined
23-1-37-5. "Official Capacity" Defined
23-1-37-7. "Proceeding" Defined
23-1-37-8. Indemnification of Director Against Liability
23-1-37-9. Mandatory Indemnification of Director Against Expenses
23-1-37-10. Reimbursement of Expenses in Advance of Final Disposition
23-1-37-11. Application to Court for Indemnification
23-1-37-12. Authorization of Indemnification
23-1-37-13. Officers, Employees, and Agents; Indemnification and Advance of Expenses
23-1-37-14. Insurance Against Liability
23-1-37-15. Indemnification Rights Under Articles of Incorporation, Bylaws, or Resolutions